What is another word for viatication?
Pronunciation: [vˌa͡ɪətɪkˈe͡ɪʃən] (IPA) 
Viatication refers to the action of selling or assigning the rights of a life insurance policy to a third party in exchange for a lump sum of cash. In the financial world, this practice is most commonly known as life settlement. Other synonyms for viatication include life insurance settlement, life policy reassurance, and life assurance transfer. These practices are becoming increasingly popular among policyholders who are unable to continue with their policy, or those who want to release the cash tied up in their policy. As with any financial transaction, it is essential to seek professional advice before engaging in viatication or any life settlement agreement.
