What does Viator mean? Read on to discover the definition & meaning of the term Viator - to help you better understand the language used in insurance policies.
An individual suffering from a terminal illness or severe chronic illness who sells his life insurance policy to a viatical company. The company becomes the policyowner and assumes responsibility for paying premiums. When the insured dies, the company receives the death benefits.
We hope the you have a better understanding of the meaning of Viator.