A ____ option allows a terminally ill insurance holder to sell an interest in the life insurance policy to an investor.

Question

Quizplus · Accepted Answer

A viatical settlement allows a terminally ill insurance holder to sell their life insurance policy to an investor for a lump sum payment, typically at a discounted rate. The investor then collects the death benefit when the insured passes away. This option is often chosen by those who need immediate funds to cover medical expenses or other costs associated with their illness.

A ____ Option Allows a Terminally Ill Insurance Holder to Sell