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.
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.