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Viatical Settlement Definition Quiz

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1. What best defines a viatical settlement?

2. Which party typically buys a viatical settlement?

3. What is a key requirement for a viatical settlement?

4. What does the policyholder receive from a viatical settlement?

5. Who benefits financially from the death of the policyholder after a viatical settlement?

6. Which statement correctly describes the process of a viatical settlement?

7. Under what condition can a policyholder not engage in a viatical settlement?

8. What is the primary reason a policyholder might choose a viatical settlement?

9. What is typically not a feature of a viatical settlement?

10. Which does not influence the lump sum amount a policyholder receives in a viatical settlement?