vi·at·i·cal

(vī-ăt′ĭ-kəl)

adj.

1. or vi·at·ic (vī-ăt′ĭk) Of or relating to traveling, a road, or a way.

2. Of or relating to a contractual arrangement in which a business buys life insurance policies from terminally ill patients for a percentage of the face value: a viatical settlement.

[From Latin viāticus, relating to a journey, from via, road; see via. Sense 2, from viaticum.]

American Heritage® Dictionary of the English Language, Fifth Edition. Copyright © 2016 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

viatical

(vaɪˈætɪkəl)

adj

1. of or denoting a road or a journey

2. (Botany) botany (of a plant) growing by the side of a road

[C19: from Latin viāticus belonging to a journey + -al¹]

Collins English Dictionary – Complete and Unabridged, 12th Edition 2014 © HarperCollins Publishers 1991, 1994, 1998, 2000, 2003, 2006, 2007, 2009, 2011, 2014

vi•at•i•cal

(vaɪˈæt ɪ kəl, vi-)
adj.

1. of or pertaining to a viaticum.

2. of or pertaining to

a form of insurance business that pays off on the insurance policies of the terminally ill.

[1845–50]

ThesaurusAntonymsRelated WordsSynonymsLegend:

Adj.

viatical - pertaining to the purchase of insurance policies from terminally ill policy holders; "viatical business"; "viatical companies"; "National Viatical Association"

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References in periodicals archive

Moss Point Financial is a revolutionary company committed to its groundbreaking approach to Life and Viatical Settlements Investing.

Head of Moss Point Financial, J.D. Perry of Baton Rouge, Announces Partnership With ITM 21st To Revolutionize Back-Office Support

This article will address how CPAs can help individuals plan for long-term senior care, discussing the available options such as long-term-care insurance (LTCI) and partnership plans, some of the new "hybrid policies" that combine life insurance and long-term care benefits, accelerated benefits riders for life insurance policies, life and viatical settlements of insurance policies, reverse mortgages, congregate Care communities, and Medicaid planning.

Financial Planning Challenges Facing Older Americans: How CPAs Can Help

OKLAHOMA CITY Asset Servicing Group, an Oklahoma City-based life settlement and viatical servicing firm, has been sold to Moritz Roever, who has also taken the position of managing director at ASG.

Asset Servicing Group sold

This was before the word "life settlement" existed, before the word "viatical settlement" existed.

Life Coverage Comes Full Circle: A pioneer in the life settlement industry says it's time for this sector to educate consumers about the value of their life insurance policies

Prior to founding Trinity, Holan served as vice president for a brokerage firm that specialised in viatical life settlements.

Asset Life Settlement announces key appointments

At about the time Bill was both frustrated and motivated by his brother's experience, he learned that Terrell was researching mortality data for a hedge fund that was heavily invested in viatical settlements.

Life (insurance) after HIV: Aequalis breathes new life into the HIV-positive insurance market

Active since 1995, Life Insurance Buyers provides terminally ill patients with guidance on the brokerage of viatical and life settlements, which involve the sale for cash of an existing life insurance policy for terminally or chronically ill individuals at a discount from its face value.

Anthem Management buys into Life Insurance Buyers

This is the viatical industry--a market in the life insurance policies of people diagnosed with terminal conditions.

What Money Can't Buy: The Moral Limits of Markets