Home Insurance Glossary - Viatical Settlement Companies

The Definition of "Viatical Settlement Companies" is:

Insurance firms that buy life insurance policies at a steep discount from policyholders who are often terminally ill and need the payment for medications or treatments. The companies provide early payouts to the policyholder, assume the premium payments, and collect the face value of the policy upon the policyholder's death.

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Valued Policy

Variable Annuity

Variable Life Insurance

Variable Premium Life Insurance Policy

Variable Universal Life (VUL) Insurance

Viatical Settlement Companies

Void

Volcano Coverage

Volume.

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