Assignment Of Life Insurance

Assignment Of Life Insurance-52
Not having enough life insurance coverage is one of the worst mistakes that you can make for your loved ones.

Not having enough life insurance coverage is one of the worst mistakes that you can make for your loved ones.

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Why is this important and how does it affect your policy?

In order to protect itself from undue risk, the lender is adding security to the loan by making sure an untimely death won’t be the reason a loan can’t be repaid.

When you’re shopping for life insurance to satisfy a loan, it’s important that you’re considering more than just the loan itself.

If something tragic were to happen to you, then your family would be left with some additional expenses as well, aside from your business loan.

In this scenario, a no exam life insurance policy or life insurance for people with health problems would be a recommendation.

Not only is no exam required, but the underwriting requirements and health questions can be simplified.

Often times, we receive calls from business owners who have a quickly arriving closing date.

If this is the case, you may be on a time crunch to get a policy active before you can request the assignment.

If you would like impaired risk life insurance coverage, we can help.

In order to perform the collateral assignment of life insurance correctly, you’ll have to first have an in force policy.

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