Question
Which of the following accurately describes the term Collateral Assignment Question 18 options: Collateral Assignment is a form of borrowing against the face value of
Which of the following accurately describes the term "Collateral Assignment"
Question 18 options:
| Collateral Assignment is a form of borrowing against the face value of the insurance policy | |
| Collateral Assignment is used as a substitute for creditor insurance | |
| Collateral Assignment is a form of borrowing against the cash value of the insurance policy | |
| Collateral assignment charges higher fee's at the beginning of the policy and lower fee's closer to the end of the insurance policy |
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Fundamentals of Financial Accounting
Authors: Fred Phillips, Robert Libby, Patricia Libby
4th edition
978-0073369709, 73369705, 78025370, 978-0077444846, 77444841, 978-0078025372
