A provision within some life insurance policies that allows the policyholder to receive a portion of the death benefit in advance under specific circumstances, such as terminal illness.
Living Benefits are provisions in life insurance policies that allow policyholders to receive benefits while still alive under certain conditions, providing financial support in critical times such as terminal illness or long-term care needs.
A detailed exploration of viatical settlement providers, who purchase life insurance policies from policyholders diagnosed with terminal illnesses.
A comprehensive guide to understanding viatical settlements, including their definition, process, key considerations, and frequently asked questions.
A comprehensive guide to understanding the term 'viator,' including its definition, how it works, and a real-world example of its application.
