The sale of an existing life insurance policy for an amount between its cash value and its death benefit by an insured policyowner who is terminally ill is called a a noncharitable gift in contemplation of death b a viatical settlement c a gift in trust d a testamentary settlement

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The sale of an existing life insurance policy for an amount between its cash value and its death benefit by an insured policyowner who is

The sale of an existing life insurance policy for an amount between its cash value and its death benefit by an insured policyowner who is terminally ill is called:

.

a noncharitable gift in contemplation of death

.

a viatical settlement

.

a gift in trust

.

a testamentary settlement

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