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viatication

/ˌvaɪ.ə.tɪˈkeɪ.ʃən/

Traduction: Nom désignant la pratique consistant à racheter au comptant des polices d'assurance-vie auprès de titulaires en phase terminale, généralement dans le cadre d'un arrangement financier.

1 entrée

noun

C2formalcommonbusiness/ˌvaɪ.ə.tɪˈkeɪ.ʃən/

indénombrable

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

  • 🇫🇷Nom désignant la pratique consistant à racheter au comptant des polices d'assurance-vie auprès de titulaires en phase terminale, généralement dans le cadre d'un arrangement financier.
  1. Viatical settlement C2 formal american business

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

    • The company specialized in viatication, offering cash to terminally ill patients for their life insurance policies.
    • Viatication provides financial relief for those facing high medical costs.
    • He considered viatication as a way to access funds during his illness.

    🇫🇷Viatication (règlement viager)

    Synonymes: viatical settlement