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 ...

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, ...

ANDOVER, MA, September 18, 2025 (EZ Newswire) -- For many entrepreneurs, securing financing through the Small Business Administration (SBA), opens new tab is a critical step in starting or expanding a ...

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 ...

Cash value life insurance is one of the most important assets of a bank, particularly America’s large banks. Banks purchase so much cash value life insurance that life insurance of this type has its ...

Key person, also known as key man life insurance, is a specialized policy a business can purchase for an owner or partner, key executive or another employee considered critical to business operations.