best answer > Can you use a life insurance policy as collateral for a loan 2024?- QuesHub | Better Than Quora
  • Can you use a life insurance policy as collateral for a loan 2024?

    Questioner:Benjamin Rogers 2023-05-07 12:06:16
The most authoritative answer in 2024
  • Ethan Patel——Works at the International Committee of the Red Cross, Lives in Geneva, Switzerland.

    A collateral assignment of life insurance is a conditional assignment appointing a lender as the primary beneficiary of a death benefit to use as collateral for a loan. If the borrower is unable to pay, the lender can cash in the life insurance policy and recover what is owed.read more >>
    +119962023-05-07 12:06:16

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