Learn the ins and outs of collateral assignment in life insurance policies, how it secures loans, and what it means for your beneficiaries.

Collateral assignment enables you to use your life insurance as collateral for a loan. This allows you to be approved for a loan if you don’t want to put your other assets at risk. Here is how ...

Life insurance protects a policyholder’s loved ones when they pass away. But life insurance may also come in handy during the policyholder’s lifetime if they want to apply for a personal loan. Some ...

Steven J. Glaser of Moses & Singer discusses issues presented when a creditor wishes to take a life insurance policy as collateral, including the creation of a security interest in the policy, ...

As a former claims handler and fraud investigator, Jason Metz has worked on a multitude of complex and multifaceted claims. The insurance industry can be seemingly opaque, and Jason enjoys breaking ...

While it might feel like just another piece of red tape, the requirement serves a practical purpose. “It’s not about bureaucracy; it’s about ensuring continuity,” explains a representative from ...

A life insurance policy may be used as collateral to secure a loan. If you die before the loan is repaid, the lender will be repaid from the policy’s death benefit proceeds before beneficiaries can ...