Viatical settlement

A viatical settlement is the sale of a policy owner's existing life insurance policy to a third party for more than its cash surrender value, but less than its net death benefit.

Pronunciations

• British English

  /vaɪætɪkl ˈsɛtlmənt/Open converter

• American English

  /ˌvaɪˈætɪkəl ˈsɛdəlmənt/Open converter

These IPA transcriptions are generated from the name above. Proper names may have other pronunciations, and current converter results may differ. How transcription works

Entity details on Wikidata