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viator - 3 dictionary results
vi⋅a⋅tor
[vahy-ey-tawr, -ter] 
tɔr
–noun, plural vi⋅a⋅to⋅res [vahy-uh-tawr-eez, -tohr-] .
[vahy-uh-tawr-eez, -tohr-] . | a wayfarer; traveler. |
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2009.
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Based on the Random House Dictionary, © Random House, Inc. 2009.
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Link To viator
Viator
A person with terminal or a life-threatening illness who sells their life insurance policy at a steep discount to an insurance firm to pay for their health-care costs or improve their quality of life.
Investopedia Commentary
A viator will usually receive a percentage of the policy's face value, around 50-70%, in a cash payment. This is one way in which an individual is able to receive money to help with medical coverage.
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See also: Clean Sheeting, Face Value, Insurance, Life Insurance, Viatical Settlement
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Main Entry: vi·a·tor
Pronunciation: vI-'At-&r
Function: noun
: a person with a catastrophic or life-threatening illness who has a lifeinsurance policy and sells or intends to sell it in a viatical settlement; broadly : one who owns and assigns a life insurance policy in a viatical settlement
Merriam-Webster's Medical Dictionary, © 2002 Merriam-Webster, Inc.
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