Definition of "viatical"

viatical

adjective
comparative more viatical, superlative most viatical
1. Of or pertaining to a journey; viatic.
2. Of or pertaining to a life insurance policy held by someone who is dying, or to the sale of such a policy.
  Quotations
  For example, it recommended allowing a controversial viatical insurance industry in the province. Viatical insurance involves the discounted sale of […]
  2003, Richard V. Ericson, Aaron Doyle, Dean Barry, Diana Ericson, Insurance as Governance, University of Toronto Press, page 149
  Under §101(g) (2), the payment by a viatical insurance provider in exchange for the sale or assignment of a portion of the policy's death benefit is ...
  2008, John Richard Price, Samuel A. Donaldson, Price on Contemporary Estate Planning, CCH, page 23
  NASAA itself has issued model viatical guidelines to promote strong and uniform regulation of these products.
  2009, United States. Congress. Senate. Special Committee on Aging, Betting on Death in the Life Settlement Market: What's at Stake for Seniors? : Hearing Before the Special Committee on Aging, United States Senate, One Hundred Eleventh Congress, First Session, Washington, DC, April 29, 2009, page 52