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Definition of
Viaticate
Learn more about how to viaticate a life insurance policy through Welcome Funds. It's fast, easy & free to determine your eligibility.

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DEFINITION OF VIATICATE


The term "viaticate" means to sell an existing life insurance policy to a third party through a regulated transaction called a viatical settlement. In order to viaticate a life insurance policy, the insured is typically required to be terminally ill or chronically ill. The viatical settlement option allows policy owners to use the proceeds of the sale to help pay for medical bills, living expenses or anything else they choose.

If you or a loved one would like to viaticate your life insurance policy, please complete our Free Qualifier to determine our eligibility.

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