Viatical

A life settlement sometimes called a "viatical settlement" or even "senior settlement" originates when a life insurance policyholder, often an elderly or terminally ill person, sells his or her interest in the policy to a third party, usually at a level that's well below the policy's stated death benefit.

This type of transaction is called a viatical life settlement. ❋ Unknown (2009)

Enter Jesse Bogdonoff, an American employee at the bank who convinced the king to invest the money in a pool of insurance backed investments called viatical contracts, managed by Millennium Asset Management. ❋ Unknown (2008)

If you Google the words "viatical" and "scam" or "viatical" and "fraud," you'll eventually come upon stories about Florida Democrat Bill Nelson, who found himself embroiled in the middle of a viatical settlement scandal (read this, for example). ❋ Unknown (2009)

As the residents aged, as the Hillside Home began to market itself to a sicker population, Gary used the band's appearances to evaluate acquisitions for his brother's viatical funds. ❋ Andrew Clarke (2011)

As he looks into the circumstances surrounding the death, he learns about viatical settlements. ❋ Unknown (2009)

I thought they were already doint this with viatical settlements? ❋ Unknown (2009)

It is, if you invest in a life insurance product called a viatical. ❋ Unknown (2009)

I've often thought that insurance of any kind was like betting against yourself, but this viatical settlement notion takes it up a notch. ❋ Unknown (2007)

Investor funds collected by American Benefits were forwarded to another viatical (death futures) settlement company, Financial Federated Title & Trust, which spent only $6 million to buy interests in actual life insurance policies. ❋ Unknown (2009)

For Accidents Waiting to Happen, I stretched the rules concerning viatical settlements a bit to create a cat and mouse thriller. ❋ Unknown (2007)

For Accidents, I stretched the rules concerning viatical settlements a bit to create a cat and mouse thriller. ❋ Unknown (2007)

Patients needed money for treatment and viatical settlements provided the perfect vehicle for that. ❋ Unknown (2007)

If you own a life insurance policy and you want to cash it in, you go to a viatical settlement agent who will find someone to buy it. ❋ Unknown (2007)

I came across viatical settlements on a TV news magazine show. ❋ Unknown (2007)

The inspiration for Accidents was the unusual business world of viatical settlements. ❋ Unknown (2007)

It was shocking watching the retired couple that had sunk their retirement fund into viatical settlements. ❋ Unknown (2007)

On the other hand, viatical settlements are a truly ghoulish proposal. ❋ Unknown (2007)

So what are viatical settlements and what makes them so special? ❋ Unknown (2007)