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What does viatical mean?

Looking for the meaning or definition of the word viatical? Here's what it means.

Adjective
  1. Of or pertaining to a journey; viatic
  2. Describing the purchase of an insurance policy from a holder who is terminally ill
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Examples
Ms. Investor was looking for safety, with little risk, when she invested in these viatical settlements.
The tax treatment of a viatical settlement is markedly different.
The primary subject matter of this case concerns viatical settlements.
Viatical and life settlement company Life Partners Holding Inc.
The viatical settlements industry try was born in the 1980s in response to the AIDS crisis, when dying patients desperately needed cash to pay for expensive treatment.
These viatical sales are now so prevalent that they have created a new segment of our industry.

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