Investor Protection Guide: Viaticals

{
  "id": "MLC-T-LAW-002770",
  "term": "Investor Protection Guide: Viaticals",
  "field": "Law",
  "definition": "Guidance for investors considering viatical settlements, which involve purchasing the life insurance policy of a terminally ill individual at a discount. The investor then receives the full death benefit when the original policyholder passes away. This guide highlights the risks, such as uncertainty regarding life expectancy and potential for fraud, and advises thorough due diligence and understanding of regulatory oversight.",
  "url": "https://mlchart.com/terminology/law/investor-protection-guide-viaticals/"
}