Viator

AAA

DEFINITION of 'Viator'

A person with terminal or a life-threatening illness who sells their life insurance policy at a steep discount to an insurance firm to pay for their health-care costs or improve their quality of life.

INVESTOPEDIA EXPLAINS 'Viator'

A viator will usually receive a percentage of the policy's face value, around 50-70%, in a cash payment. This is one way in which an individual is able to receive money to help with medical coverage.

RELATED TERMS
  1. Face Value

    The nominal value or dollar value of a security stated by the ...
  2. Life Insurance

    A protection against the loss of income that would result if ...
  3. Viatical Settlement

    An arrangement in which someone with a terminal disease sells ...
  4. Insurance

    A contract (policy) in which an individual or entity receives ...
  5. Clean Sheeting

    The fraudulent act of purchasing a life insurance policy without ...
  6. Losses and Loss-Adjustment Expense

    The portion of an insurance company’s reserves set aside for ...
Related Articles
  1. Haunting Wall Street: The Halloween ...
    Options & Futures

    Haunting Wall Street: The Halloween ...

  2. What are the tax implications of a life ...
    Insurance

    What are the tax implications of a life ...

  3. What is a collateral assignment of life ...
    Insurance

    What is a collateral assignment of life ...

  4. Is Burial Insurance A Ripoff?
    Insurance

    Is Burial Insurance A Ripoff?

Hot Definitions
  1. Gross Rate Of Return

    The total rate of return on an investment before the deduction of any fees or expenses. The gross rate of return is quoted ...
  2. Debit Spread

    Two options with different market prices that an investor trades on the same underlying security. The higher priced option ...
  3. Leading Indicator

    A measurable economic factor that changes before the economy starts to follow a particular pattern or trend. Leading indicators ...
  4. Wage-Price Spiral

    A macroeconomic theory to explain the cause-and-effect relationship between rising wages and rising prices, or inflation. ...
  5. Accelerated Depreciation

    Any method of depreciation used for accounting or income tax purposes that allows greater deductions in the earlier years ...
  6. Call Risk

    The risk, faced by a holder of a callable bond, that a bond issuer will take advantage of the callable bond feature and redeem ...
Trading Center