Viatical settlement is an insurance term in which a financial transaction takes place between a person with a terminal ill disease and a third party with the discount of face value. The third party pays the full amount when the original owner dies. It is of high risk and the rate of return is unknown because one cannot predict the death of human being.
What is a Viatical Settlement? A viatical settlement occurs when a person who is chronically or terminally ill sells his or her whole or universal life insurance policy to a third party that..查看文章
Whether you’re dealing with a terminal illness or have someone close to you who’s received such a diagnosis, coping with the emotional impact of such a reality can be straining. However, man..查看文章
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