The last time you sought medical care, you likely made an appointment with your provider, got the treatment you needed, paid your copay or deductible, and that was it. No paperwork, no waiting to be ...

Investopedia contributors come from a range of backgrounds, and over 25 years there have been thousands of expert writers and editors who have contributed. Charlene Rhinehart is a CPA , CFE, chair of ...

The term Insurance Assignment refers to the transfer of ownership from the Policy Owner (Assignor) to another person (or institution aka Assignee). The Assignee will now have control of the insurance ...

A life insurance policy is considered to be an inflexible product which binds the policyholder to certain terms and conditions for the whole tenure of the policy. The reason for such a rigid condition ...

Using your life insurance policy as collateral is one way of securing a loan without the risk of using your home or car. Most loans are either secured or unsecured, and while an unsecured loan does ...

A life insurance policy may be used as collateral to secure a loan. If you die before the loan is repaid, the lender will be repaid from the policy’s death benefit proceeds before beneficiaries can ...