The owner of a life insurance policy who enters into or seeks to enter into a viatical settlement contract

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In a viatical settlement, the policyowner who seeks to sell the policy is called a viator. This term identifies the person who owns the policy and initiates the sale by entering into a viatical settlement contract with a buyer. The viatical settlement provider is the company that purchases the policy, the broker is the intermediary who arranges the deal, and a viatical producer would be someone marketing such settlements. So the owner who enters into the agreement is the viator.