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viator
viator (vaɪˈeɪtɔː) n, pl viatores (ˌvaɪəˈtɔːriːz) rare a traveller[C16: from Latin, from viāre to travel]viator
viator (vī′ă-tŏr) An individual, usually one with a terminal illness, who sells rights to his or her insurance policy in exchange for an antemortem benefit collection.Viator
ViatorA 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. |