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 ...

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, ...

Life insurance strategies could help wealthy families remove assets from their estates while acting as the collateral for loan financing and a source of tax-free distributions. Processing Content ...

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 ...

Taking out a loan on your life insurance policy can give you a quick infusion of cash, but only if you have the right kind of policy. And even if you can borrow from your policy, that doesn't mean you ...

Variable life insurance is a permanent life insurance policy with an investment component. Learn more about how it works and ...