Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

What is it called when some kinds of permanent policies have substantial cash surrender values that may be acceptable to a third party lender, as

What is it called when some kinds of permanent policies have substantial cash surrender values that may be acceptable to a third party lender, as additional collateral for a loan? Select one: a. Third party transfer b. Absolute assignment. c. Collateral transfer d. Collateral assignment

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Personal Finance

Authors: Jack Kapoor, Les Dlabay, Robert J. Hughes

8th Edition

007322359X, 9780073223599

More Books

Students also viewed these Finance questions

Question

How do the two components of this theory work together?

Answered: 1 week ago