Noun: viatical settlement
- Sale of an insurance policy by a terminally ill policy holder
"The terminally ill patient opted for a viatical settlement to cover medical expenses";
- viaticus settlement
- Cash derived from sale of an insurance policy by a terminally ill policy holder
"The patient opted for a viatical settlement to cover medical expenses"
Derived forms: viatical settlements
Type of: advance death benefit, liquidation, settlement
Encyclopedia: Viatical settlement