Collateral Assignment: Use Life Insurance as Collateral for a Loan

Collateral Assignment: Use Life Insurance as Collateral for a Loan

A collateral assignment is a process to get a loan by using life insurance as collateral. When we buy a life insurance policy, we generally do it because we want to protect our families and loved ones in the event of an untimely death. But not everyone realizes that...
Why Multi-Millionaires and Billionaires Buy Life Insurance

Why Multi-Millionaires and Billionaires Buy Life Insurance

You may wonder why affluent and ultra-affluent individuals would need to purchase life insurance? After all, wouldn’t they have the necessary assets to fund their final expenses and provide for their heirs regardless of an unfortunate event? Wealthy people buy...
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