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 ...

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 ...

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 ...

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, ...

For an employer, split-dollar life insurance plans can be a useful way to attract and retain key hires. For employees, split-dollar plans can be a valuable estate-planning vehicle for employees ...

It's easy to borrow against the cash value of a permanent life insurance policy. There aren't any loan requirements or qualifications (other than the cash value amount available); the funds can be ...