viatical settlement

Noun
  1. Cash derived from sale of an insurance policy by a terminally ill policy holder (synset 113318618)
    is a type of: advance death benefit - a percentage of death benefits paid directly to policy holders having a short life expectancy (usually 6 months)
  2. Sale of an insurance policy by a terminally ill policy holder (synset 100229629)
    is a type of: liquidation, settlement - termination of a business operation by using its assets to discharge its liabilities
    same as: viaticus settlement

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