A viatical settlement is when someone with a terminal disease sells their life insurance policy at a discount for ready cash.
The meaning of VIATICAL SETTLEMENT is an agreement by which the owner of a life insurance policy that covers a person (such as the owner) who has a catastrophic or life-threatening illness receives...
Define viatical. viatical synonyms, viatical pronunciation, viatical translation, English dictionary definition of viatical. adj. 1. or vi·at·ic Of or relating to traveling, a road, or a way. 2. Of...
Definitions of viatical settlement: noun: sale of an insurance policy by a terminally ill policy holder noun: cash derived from sale of an insurance policy by a terminally ill policy holder
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Life insurance policies that include accelerated benefit riders provide several types of... Viatical Settlements Don't confuse accelerated benefit riders with viatical settlements....
life insurance 4 contracts. A viatical settlement, a subset of life settlement transactions, may involve the sale of a life insurance contract, but may not be taxed as a sale. Under a...
Upon the death of the viator, the VSP receives the full death benefit of the insurance policy. 6 Viatical settlements are not without risk for investors. A viator may experience remission...
The meaning of VIATICATE is to sell or assign (a life insurance policy) in a viatical settlement.
The Mississippi Insurance Department offers the following types of entity licenses, renewal instructions and links. Click on the links (where available) for application instructions and forms. Questions pertaining to the licensing process should be directed to *********@***.**.*** or by calling the MID Licensing Division at (601) 359-3582. Duplicate renewal invoices must be requested in writing either by fax: 601-359-1951, email: *********@***.**.*** or by mail: P O Box 79, Jackson, MS 39205. ...