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6 November, 10:54

What action can a policyowner take if an application for a bank loan requires collateral?

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  1. 6 November, 12:46
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    A policy owner can use his/her life insurance policy as the collateral if an application for a bank loan requires collateral. The bank would make the collateral assignment for the loan contract. This situation means that bank will hold the policy owner's life insurance policy as the collateral for the loan.
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