Dakotaashwood7708 Dakotaashwood7708

02-01-2020
Business

contestada

An individual borrowed money at the bank to send his daughter to college. Instead of purchasing Credit life insurance, he used an existing life insurance policy to secure the debt. This would be called a ___________

Respuesta :

BenitoMarin BenitoMarin

05-01-2020

Answer:

The correct answer is: Collateral Assignment.

Explanation:

Collateral assignment of a life insurance sets a lender as the beneficiary in front of the decease of the insured, so the benefits will be used to cover the debt of that loan. The lender could be the insured of the life insurance or anybody else the insured decides to appoint.

Answer Link

Otras preguntas

When are two-way radio communications required on a flight from bishop airport (area 4) to mccampbell airport (area 1) at an altitude of 2,000 feet msl?

a truck is pulling an 85-kg rock attached by a rope. the coefficient of friction between the rock and the ground is 0.32. the truck applies 295 n of force to th

What type of shoes are BEST for an art museum visit? A. narrow-toed shoes B. platform shoes C. sneakers D. stiletto heels

Which among the following are solution of the equation 2x+3y=8 a) x=0,y=5 b) x=3,y=2 c) x=-5,y=6 d) x=-1,y=-2

Can I have free vbucks in Fortnit?

The main span of the Brooklyn Bridge is 1595 feet long. The Golden Gate Bridge is about 263% of the length of the Brooklyn Bridge. To the nearest hundred feet,

3) A large cheese pizza costs $11.99. A medium cheese pizza costs $8.99. How much do 2 large and 3 medium pizzas cost?

Which of the following statements about the structure of an atoms TRUE? A.the number of protons is always equal to the number of neutrons in the nucleus of the

solve the system of equations using elimination: -3x+3y=9 and 8x-6y=-4

2.65 g of sodium carbonate was dissolved in water and made up to 500 ml in a standard flask. 20 ml portions of this solution required 18.50 ml of a solution of