[V018a]

viatical

From the Latin word "viaticum" which loosely translated means provisions for a journey, viatical is often used in reference to the sale of the rights to a life insurance policy. Recently, it is used in reference to obtaining or selling the rights to insurance benefits (either in whole or in part) to provide for the needs of terminally ill insureds such as those with cancer or AIDS.

Copyright: The Rough Notes Company, Inc., 1998, All Rights Reserved. 3040100

Copyright: The Rough Notes Company, Inc., 1998, All Rights Reserved. 3040100