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... > social science subjects > sociology > aging and the life course > death and dying > conceptualizations of death > legal perspectives on death > viatical settlements
... > social science subjects > health and social care > health sciences > death and dying > conceptualizations of death > legal perspectives on death > viatical settlements
... > social science subjects > psychology > behavior mechanisms > human development > death and dying > conceptualizations of death > legal perspectives on death > viatical settlements
... > social science subjects > counseling and psychotherapy > counseling > human development and life transitions > death and dying > conceptualizations of death > legal perspectives on death > viatical settlements

Preferred term

viatical settlements  

Definition

  • The word viatical comes from the Latin word viaticum, which means “provisions for a long journey.” A viatical settlement is the sale of a life insurance policy to a third party (the provider) at a discount (less than face value or death benefit). Ownership of the policy passes to the provider. [Source: Encyclopedia of Death and the Human Experience; Viatical Settlements]

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https://concepts.sagepub.com/social-science/concept/viatical_settlements

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