Viator
A person with terminal or a life-threatening illness who sells their life insurance policy at a steep discount to an insurance firm to pay for their health-care costs or improve their quality of life. Investopedia Says:
A viator will usually receive a percentage of the policy's face value, around 50-70%, in a cash payment. This is one way in which an individual is able to receive money to help with medical coverage. Related Terms:
Clean Sheeting
Face Value
Insurance
Life Insurance
Viatical Settlement |