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Exam term

Terminally ill

A defined health status, certified by a physician, that generally makes viatical settlement proceeds fully excludable from the insured's gross income.

Lessons that use this term

  • Term, other-insured, and long-term-care riders Florida
  • Dividends, incontestability, assignment, suicide, and accelerated death benefits Florida
  • Life settlements New York
  • Life settlements Texas

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