A policy issued by a life insurance company, where a creditor is assigned as the beneficiary. These policies are usually put into force as a hedge against a debtor defaulting or dying before a debt is repaid.
« Back to Glossary Indexmenu
A policy issued by a life insurance company, where a creditor is assigned as the beneficiary. These policies are usually put into force as a hedge against a debtor defaulting or dying before a debt is repaid.
« Back to Glossary Index