Collateral Assignment of Life Insurance


Collateral Assignment of Life Insurance

What you need to know

Collateral Assignment of Life Insurance, what is it and how do I apply?

Collateral assignments will often be placed on life insurance to guarantee the loan upon the death of debtor.

The most common time I use them would be if someone is selling a Pension or Structured Settlement monthly income stream. They can also be required on SBA Loans.

Some carriers do not allow this type of assignment and, in fact, may void a current life insurance policy. If you are considering selling a monthly Pension , Structured settlement stream or need an SBA loan, it might be best if you consider getting a stand alone life insurance policy. The actual Collateral Assignment paper work is not overly difficult. However applying and working with the right carriers is the trick!

I am experienced in these type of transactions and I can assist you with the process. I work with several carriers that allow this type of assignment.

Please contact me today for further information. My number is 512-963-5000. You can also fill out my contact request form.