What is a life insurance assignment?

Answer Most life insurance policies contain an assignment clause. This clause gives the policyholder financial leverage when obtaining a consumer loan.DefinitionA life insurance assignment is when you lis... Read More »

Top Q&A For: What is a life insurance assignment

What is assignment of insurance?

It is not an uncommon practice for lenders to require the assignment of a life insurance policy as collateral for a loan. Both term and permanent policies can be assigned, but most lenders prefer p... Read More »

What is the difference in whole life insurance&term life insurance?

Life insurance pays a defined benefit amount when the policyholder dies. Term life insurance pays if the death occurs during the term of the policy--a predetermined number of years. Whole life insu... Read More »

What is term life insurance and whole life insurance?

Term life and whole life insurance are two types of policies that provide a financial benefit when the insured passes away. Both life insurance policies have advantages in costs and protection that... Read More »

How do I pay my life insurance premiums on line for Globe Life and Accident Insurance Co.?'s the website.