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单词 viatical settlement
释义

Definition of viatical settlement in English:

viatical settlement

nounvʌɪˈatɪk(ə)lvīˈatikəl
  • An arrangement whereby a person with a terminal illness sells their life insurance policy to a third party for less than its mature value, in order to benefit from the proceeds while alive.

    绝症患者保单贴现处理。参见DEATH FUTURES

    See also death futures
    Example sentencesExamples
    • In a viatical settlement, a person with a terminal disease sells his or her life insurance policy at a discount from its face value in exchange for ready cash.
    • Thanks to Ontario's passing of the Red Tape Reduction Act, viatical settlements, otherwise known as ‘death futures,’ will be making Ontario's critically ill a hot investment for U.S. brokerage firms.
    • Ms. Investor was looking for safety, with little risk, when she invested in these viatical settlements.
    • While the ads for viatical settlement firms focused on impending death, those for drug companies focused on prolonging life - better living through science.
    • Developing expertise in long-term care insurance, medi-gap insurance, reverse mortgages and viatical settlements, along with their uses, can serve your older clients well.
    • The tax treatment of a viatical settlement is markedly different.

Origin

1990s: viatical from Latin viaticus 'relating to a journey or departing' + -al.

Definition of viatical settlement in US English:

viatical settlement

nounvīˈatikəl
  • An arrangement whereby a person with a terminal illness sells their life insurance policy to a third party for less than its mature value, in order to benefit from the proceeds while alive.

    绝症患者保单贴现处理。参见DEATH FUTURES

    Example sentencesExamples
    • Developing expertise in long-term care insurance, medi-gap insurance, reverse mortgages and viatical settlements, along with their uses, can serve your older clients well.
    • Ms. Investor was looking for safety, with little risk, when she invested in these viatical settlements.
    • While the ads for viatical settlement firms focused on impending death, those for drug companies focused on prolonging life - better living through science.
    • The tax treatment of a viatical settlement is markedly different.
    • Thanks to Ontario's passing of the Red Tape Reduction Act, viatical settlements, otherwise known as ‘death futures,’ will be making Ontario's critically ill a hot investment for U.S. brokerage firms.
    • In a viatical settlement, a person with a terminal disease sells his or her life insurance policy at a discount from its face value in exchange for ready cash.

Origin

1990s: viatical from Latin viaticus ‘relating to a journey or departing’ + -al.

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更新时间:2025/7/4 14:22:36