Viaticals Meaning in English
word · lemma: viatical
Definition
Viaticals are financial products involving the sale of a life insurance policy by the policyholder to a third party, who then receives the death benefit when the original holder dies. They are usually used by terminally ill people who need money before death.
Usage & Nuances
'Viaticals' is mostly used in finance and insurance contexts. It refers to instruments (not travel expenses) and often appears in discussions about life insurance settlements. Common with terminal illness situations, but can be confused with 'per diems' (travel money) in general English.
Example Sentences
Many people with terminal illnesses sell their insurance policies as viaticals.
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Investing in viaticals can be risky but sometimes profitable.
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My uncle learned about viaticals when he was planning his finances.
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Some people use viaticals as an alternative way to access cash when facing huge medical bills.
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Because of some scandals, viaticals are more regulated now than before.
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If you’re thinking about viaticals, talk to a financial advisor first.
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