Collateral Assignment
Posted in: Insurance
define: Collateral Assignment
A temporary transfer of ownership of property, generally used as collateral to qualify for a loan. In life insurance, some types of policies can be used as collateral. Once the loan debt is paid, all rights to the policy transfer back to the original owner.
A temporary transfer of ownership of property, generally used as collateral to qualify for a loan. In life insurance, some types of policies can be used as collateral. Once the loan debt is paid, all rights to the policy transfer back to the original owner.
One Response to “Collateral Assignment”
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maritza pacheco Says:
hi my is maritza and I am trying to get a loan with my life insurance collateral…do you do this kind of loan? please let me know…you can email me…thank you maritza
July 19th, 2010 at 5:18 pm
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