viator
- noun
- /ˈvaɪətər/
- Specialized
:
vendedor de póliza de seguro
- A viator can receive cash for their policy.
Examples
-
A viator must meet certain criteria before entering a viatical settlement agreement.
-
The viator decided to sell his policy to help cover his medical expenses.
-
After her diagnosis, she became a viator to access funds for her treatment.
-
Many viators seek settlements due to illness.
-
A viator sells their life insurance policy to pay for medical bills related to a terminal illness.
-
Many viators choose to sell their policies for immediate cash to cover urgent expenses.
-
In a viatical settlement, the viator receives a lump sum payment instead of waiting for the insurance payout.
Surface Forms
Etymology
Viator in the financial sense comes from Latin viaticum meaning 'money for a journey'. A helpful way to remember this is that a viator sells a life insurance policy to get money now, like getting 'travel money' when you need it.
