Series 66: Viatical Settlement

Taken from our Series 66 - NASAA Uniform Combined State Law Exam

Definition of the term Viatical Settlement...

an investment in another person's life insurance policy. In a viatical settlement, an investor purchases another person’s life insurance policy at a price that is more than the cash surrender value of the policy, but less than the death benefit. When the insured person dies, the investor collects the death benefit.

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