Viator

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Viator

A dying person who sells his/her life insurance policy. The viator sells the policy at a deep discount (often as little as half) to its cash value. This is beneficial to the buyer because he/she receives a much larger amount when the buyer dies. This helps the viator pay for his/her medical expenses.
References in periodicals archive ?
Viator and Carmel Catholic were on fire in the fourth quarter of their East Suburban Catholic Conference boys basketball game Tuesday night.
Viator senior Jeremiah Hernandez scored 18 of his game-high 32 points in the pivotal fourth quarter.
Viator with 16 points while Damone Williams-Gray chipped in 9 points for Carmel.
The settlement process begins when the viator executes a viatical settlement application and provides authorization to the insured's attending physician and the issuing insurance company to disclose confidential information pertaining to the insured's health and insurance coverage.
The viatical settlement broker, as defined in the act, has a fiduciary obligation to the viator, meaning the viatical settlement broker will use its best efforts to obtain the highest purchase offer possible for the policy.
To determine the life expectancy of the viator, the viatical settlement company has a board of physicians evaluate the person's illness, basing their findings on medical records, laboratory reports and current actuarial tables.
The viatical settlement broker is one who, on behalf of aviator for a fee or commission, offers or attempts to negotiate viatical settlement contracts between a Florida viator and one or more investment firms, called viatical settlement providers.(23) Brokers typically work closely with viators and collect their commissions from providers after the contract has been executed.
The act provides safeguards for the viators and purchasers who deal with brokers, providers, and sales agents.
Senior guard Michaela Mueller, who had Viators only basket win the first quarter, finished with 4 assists, 2 rebounds and 1 steal while Clark had 6 rebounds and 2 steals.
Viator overcome a 10-2 opening quarter deficit to prevail 32-21 over the Dukes (14-6).
Viators Matt Doersching and Kochera, on assists from Hernandez, both connected 3s sandwiched around 2 Crothers free throws for a 49-38 lead with 1:35 remaining.
Viator to a 54-45 win a marquee matchup of East Suburban Catholic Conference boys basketball teams.