Taking Security in Life Insurance Policies: The Importance of Carefully Examining Terms and Conditions

Posted: March 17, 2017 | Last Updated: July 17, 2018

In some financing situations, a good form of security for the repayment of the financing indebtedness - often promoted as a valuable feature of life insurance coverage by life insurers themselves - is a security assignment of a life insurance policy owner's rights, in particular, the rights to payment of various amounts both before and after the life insured's death. In this whitepaper, Edward D. (Ned) Brown explains the importance of thoroughly examining the terms and conditions of life insurance policy contracts as they relate to security assignments. Read the whitepaper here.