TERMIUM Plus®

The Government of Canada’s terminology and linguistic data bank.

VIATICAL SETTLEMENT [1 record]

Record 1 2002-12-27

English

Subject field(s)
  • Life Insurance
  • Offences and crimes
DEF

The selling of a policy death benefit, at less than face value, by a terminally ill person to a third party ... with the assistance of a broker who offers the policies to settlement provider companies for bid, with the highest bidder obtaining the policy for resale to investors.

French

Domaine(s)
  • Assurance sur la vie
  • Infractions et crimes
OBS

L'acquisition d'un contrat d'assurance-viatique (achat par charité d'une assurance-vie d'une personne malade en stade final) [...] permet d'aider les personnes malades en stade final de subvenir à leurs besoins à des moments de grandes émotions et de contraintes financières.

Spanish

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TERMIUM Plus®, the Government of Canada's terminology and linguistic data bank
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