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What is a collateral assignment?

In Annuities - Asked by Admin - 14 months ago

A collateral assignment is where a life insurance policy is assigned as security for a loan, if the insured person dies the loan with receive the amount due from the insurance.

Answered by Admin - 14 months ago


Tags: collateral assignment, annuity, annuities, what is a collateral assignment?

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Annuities are a good way in life to have positive income for a lifetime or a fixed amount of time without worry. Annuities, whether they are a fixed, variable, or life an annuity can be confusing. So if you have questions regarding any type of annuity or what is a collateral assignment? you can ask them here at Zuuply.com the #1 financial site for annuity questions and answers.



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