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.
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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.
The commission may adopt rules to administer this act, including rules establishing standards for evaluating advertising by licensees; rules providing for the collection of data, for disclosures to viators, for the reporting of life expectancies, and for the registration of life expectancy providers; and rules defining terms used in this act and prescribing recordkeeping requirements relating to executed viatical settlement contracts.
In some cases, the suit charges, brokers bought policies of insureds who were not terminally ill, known as life settlements, then sold them at a large profit to Benefits America as viatical investments, falsely claiming the viators had life expectancies of 48 months or less.
This approval requirement provides viators with a measure of protection in that the department has reviewed the provisions of the viatical settlement contract and related forms and has required the removal of any unfair provisions prior to use of the form.
The amount that the viator - the seller of the policy - receives depends upon his/her life expectancy.
There are two basic roles for viatical settlement companies: providers, who buy the policies themselves and hold them as the named beneficiary thereunder, and brokers, who act as intermediaries between viatical settlement providers and viators by performing underwriting functions, and negotiating a fee to be paid by the viatical settlement provider.
By avoiding the payment of taxes, viators can finance additional medical care and meet living expenses for a longer period.
If brokers have a clear understanding of an offer, life settlement companies will be forced to compete fairly, resulting in a greater benefit and more money to the viator.
Viators four-minute drill, according to their coach, was not enough to win on Wednesday afternoon at the Wheeling Wildcat Hardwood Classic.
MBC's policy has always been to protect both the viators and purchasers by funding only noncontestible policies from insurance companies rated B+ or better by AM Best, Moody's or Standard and Poors.
Viators Connor Kochera hit a 3, Calvin followed with a deuce and Kochera hit another 3 for the 29-17 lead.
The court also found other defamatory and slanderous comments by Wolk such as: "LPI has vowed never to be licensed," "LPI lacks a viatical settlement company license," (LPI is in fact a licensed viatical settlement funding company) and "LPI has injured many viators by not paying their viatical settlements in full or paying them in installments.