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Viatical settlement

💡 Words with a Similar Meaning to "Viatical settlement"

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WordDefinition
viaticus settlementnounsale of an insurance policy by a terminally ill policy holder
death benefit"Death Benefit" is the 20th episode of the third season of the American television drama series Person of Interest.
life insurancenounA form of insurance on the life of a person, whereby if the person dies then the insurance policy pays out a sum of money to the beneficiary (such as a person's family).
life assurancenounAn insurance policy that pays out on death (or on certain other conditions).
fire insurancenounInsurance that covers loss by fire, such as house fire; in modern insurance practice, it is seldom a standalone policy but rather is usually a component of property insurance with other coverages as well: home insurance for private homes, commercial insurance for businesses and their real estate and physical plant, and auto insurance for motor vehicles.
insurancenounA means of indemnity against a future occurrence of an uncertain event.
inheritancenounThe passing of title to an estate upon death.
insurance claimnoundemand for payment in accordance with an insurance policy
hospitalization insurancenouninsurance that pays all or part of a patient's hospital expense
liability insurancenounAny insurance against a potential loss due to the insured's liability for injury or damage to others.
term insurancenounlow-cost insurance that is valid only for a stated period of time and has no cash surrender value or loan value
indemnificationnounThe act or process of indemnifying, preserving, or securing against loss, damage, or penalty.
health insurancenounInsurance against incurring medical expenses among individuals.
insurance policynoun(insurance) A legal document outlining a particular insurance cover for an insured entity for a given risk.
inheritance taxnounA tax based on the value of the property of a deceased person, and charged on the beneficiaries of the estate.
life estatenoun(law) An estate in land which is owned by a party only for the duration of the life of that party, and for which ownership will revert to another upon the death of that party.
annuitiesnoun(insurance, pensions) A right to receive amounts of money regularly over a certain fixed period, in perpetuity, or, especially, over the remaining life or lives of one or more beneficiaries.
securitisationnounAlternative spelling of securitization. [(commerce, finance) The fact or process of securitizing assets; the conversion of loans into securities, usually in order to sell them on to other investors.]
insurancesnounA means of indemnity against a future occurrence of an uncertain event.
pension fundnounA pool of assets forming an independent legal entity that are bought with the contributions to a pension plan for the exclusive purpose of financing pension plan benefits.

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