Simply Explaining Insurance #115- Collateral Assignment

Simply Explaining Insurance
09/01/2020 5 min
Simply Explaining Insurance #115- Collateral Assignment

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Episode Synopsis

This episode covers what a collateral assignment is in regards to a life insurance policy. This is a formal agreement that comes into play when a client takes out a loan. Some financial institutions, require a borrower to take out a life insurance policy in the amount of the loan. This secures the loan in […]
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