What term identifies the person who owns the life insurance policy or the death benefit being sold in a viatical settlement?

What term identifies the person who owns the life insurance policy or the death benefit being sold in a viatical settlement?

• A. Viatical settlement provider
• B. Viatical settlement purchaser
• C. Viator
• D. Viatical producers

Answer: (C)

The term for the person who owns the life insurance policy or death benefit being sold in a viatical settlement is viator. The viator is the policy owner who assigns ownership and rights to the buyer in exchange for a cash payout. The other roles describe the buyer (who will own the policy after the sale and ultimately receive the death benefit) and the company that arranges or funds the transaction; they are not the policy owner being sold. Terms like viatical settlement provider or purchaser refer to the parties facilitating or purchasing the policy, while viatical producers would be agents or marketers, not the seller of the policy itself.

The term for the person who owns the life insurance policy or death benefit being sold in a viatical settlement is viator. The viator is the policy owner who assigns ownership and rights to the buyer in exchange for a cash payout. The other roles describe the buyer (who will own the policy after the sale and ultimately receive the death benefit) and the company that arranges or funds the transaction; they are not the policy owner being sold. Terms like viatical settlement provider or purchaser refer to the parties facilitating or purchasing the policy, while viatical producers would be agents or marketers, not the seller of the policy itself.