viatical settlement

English Thesaurus

1. sale of an insurance policy by a terminally ill policy holder (noun.act)

hypernym	:	liquidation, settlement,
definition	:	termination of a business operation by using its assets to discharge its liabilities (noun.act)

2. cash derived from sale of an insurance policy by a terminally ill policy holder (noun.possession)

hypernym	:	advance death benefit,
definition	:	a percentage of death benefits paid directly to policy holders having a short life expectancy (usually 6 months) (noun.possession)