Vocab Bloom Hub

viaticus

/vaɪˈæt.ɪ.kəs/

1 entry

noun

/vaɪˈæt.ɪ.kəs/C2formalbusiness
  • ruСуществительное, обозначающее практику покупки полисов страхования жизни за наличные у неизлечимо больных держателей полисов, часто в рамках финансовой договорённости.

A noun referring to the practice of purchasing life insurance policies for cash from terminally ill policyholders, often as a financial arrangement.

uncountable

  1. Viatical settlementC1formalamericanbusiness

    The practice of purchasing a life insurance policy from a terminally ill person for a cash payment that is less than the death benefit.

    ruВиатикус

    • The company specialized in viaticus, buying policies from patients with terminal illnesses.
    • He used a viaticus settlement to access funds for his medical treatment.
    • Investors in viaticus assume the risk of the policyholder's lifespan.

    Synonymsviaticalviatical settlement