A viatical settlement is an agreement between a third party and a(n) ___________.

A viatical settlement is an agreement between a third party and a(n) ___________.



a. Terminally ill insured's spouse and children who don't want to wait until the insured dies to collect the death benefit

b. Policyowner insuring the life of a terminally ill insured with 2 years or less life expectancy

c. Insurance agent representing the family of the terminally ill insured

d. Lender who owns the mortgage on a terminally ill insured's home or business property



Answer: B

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