Life Insurance Forms
USlegalforms offers forms related to the use of life insurance policies as collateral for a loan, also split dollar insurance policies for corporate executives. Previews are available.
The use of a life insurance policy as collateral is a a common practice. It involves the temporary assignment of the monetary value of a life insurance policy as security for a loan. In the event of default, the creditor would receive proceeds or values only to the extent of his/her/its interest.