by jtradz » Tue Apr 23, 2013 05:23 am
What is the name(s) of a lender who provides collateral loans against term life insurance policies? Also, what is the name(s) of a "middle man" company that could represent me between Primerica and the lender?
Thank you,
Jack
Thank you,
Jack
Posted: Tue Apr 23, 2013 10:48 am Post Subject:
Jack, nobody is going to do this. Your term policy is worthless to them unless you are going to die. Collateral assignments are done on term insurance when a lender is confident that they will get repaid, but are concerned about repayment if death occurs.
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