: an agreement by which the owner of a life insurance policy covering a person (as the owner) with a catastrophic or life-threatening illness receives compensation for less than the expected …

VIATICAL definition: of or relating to a viaticum. See examples of viatical used in a sentence.

Dec 25, 2025 · What Is a Viatical Settlement? A viatical settlement is when someone who is terminally or chronically ill sells a life insurance policy for immediate cash at less than face …

A viatical settlement is a specific type of life settlement designed for individuals diagnosed with a life-threatening illness. This legal option allows policyholders to sell their life insurance policy …

In many jurisdictions, a viatical is a life settlement where the insured has less than two-year life expectancy. However, some jurisdictions, such as the U.S. state of Maryland, use the term …

Oct 7, 2025 · What is a viatical settlement? A viatical settlement allows individuals with a terminal illness to sell their life insurance policy to a third party for a lump sum, often more than the …

Viatical settlements offer financial relief to policyholders with serious illnesses by providing immediate funds. To be eligible for a viatical settlement, you must have a life-threatening …

Of or relating to a contractual arrangement in which a business buys life insurance policies from terminally ill patients for a percentage of the face value: a viatical settlement.

viatical, adj. & n. meanings, etymology, pronunciation and more in the Oxford English Dictionary

A viatical settlement involves the purchase of a life insurance policy from an elderly or terminally ill policy holder.