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

Life Insurance is typically used to provide financial protection for families. Life Insurance such as permanent or ‘whole life’ insurance also builds a cash value over time. Broadcast Retirement ...

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 ...