 Auto accident, other driver at fault? |
| Was in an accident where the other driver ran a stop sign and hit me. He admitted it was his fault and my insurance is assigning 100% liability to him. I drive an older car that I bought used and ... |
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 Getting sued because of a car accident? |
| my dad got into a car accident a few months back. now the guy he collided with is suing him for 30,000 dollars. if he loses the case(even though my dad's innocent), who will have to pay the 30,00... |
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 Is there any Life Insurance Policy which covers general diseases? |
| There are so many Life Insurance policies which covers hi-fi diseases but I didn't find any such policy which covers general illness like bronchal asthma, root canalling, arthritis, pneumonia ... |
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 House Insurance - please help? |
| A friend of mine took out a home insurance policy last year (sep-06). His tank in the airing cupboard has now burst and his house is flooded. He contacted his insurance company and they informed ... |
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 If my neighbor's house catches fire because of a wood stove, and they don't have coverage for that, and it cau |
ses my house to catch fire, what pays for my house repairs?
Additional Details
I have fire insurance. If my neighbor has a wood stove, I wonder if the insurance company can raise the ... |
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 My father has life insurance that will pay off the house if he passes? |
| is that only if he passes acciedently ( like in a car crash or something) or is that also goes for if he passes cuz he got old or sick?... |
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 Is Chevron liable if a person is injured at a chevron gas station? |
| My Mom was hurt pretty bad at a local chevron gas station.When I contacted the chevron co. they told me that because it was a franchise only that owner would be responsible.But I think thats BS,C... |
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 Does an insurance company bear any responsibility to remove a giant dead tree BEFORE it kills somebody my yard |
| A huge old willow tree has a rotten core and will collapse soon. Its sister tree collapsed a few years ago. If the tree kills someone or damages the house, my insurance company will likely pay ... |
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 Can you lose your house if you have no homeowners insurance? |
| My baby-mamma's insurance was cancelled & she has not made the effort to get a new policy for almost a year. Can the mortgage company take her house?... |
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 Life Insurance Question? |
What are the statistics of how many people have life insurance, and die at an early age?
I want to know out of the 250 million people in the US, how many people die unexpectatly, not of ... |
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 Is 200 dollars too much for 500k life insurance? |
I get this in my email box and was wondering if the quote there was right
<a href="http://dealsaway.com/ads target="_blank">URGENT!
Life ... |
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 I am working in pakistan,how can i get job in usa ? |
Bechlor of commerse having sound knowdgle in the capicty of Textile field,Mechandiser
Additional Details
Working here in Pakistan as manager Merchendiser in textile field,having sound ... |
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 Are proceeds of Life Insurance tax free? |
| I have a term life insurance policy with my spouse as the sole beneficiary. I wanted to know if she were to collect on that policy, are there any taxes due on the face value or would she be entitled ... |
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hainkaman | Which bank can give me a loan using my life insurance as guarantee? |
amount of life insurance is $150,000 10 yrs |
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great_and_mighty_adam_levine
 |
The only chance you have is if you are terminally ill. If you are highly likely to die before the term expires, there are some companies who will loan you money.
Otherwise, its worthless. |
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LifeInsuranceAgent
 |
Dont listen to some of the other answers as they are wrong.
Usually banks want some collateral to give you a loan, but may want a policy as well in case you die. that way they get paid back and dont get stuck with your collateral.
As far as types of policies available, you can use a term policy with a collateral assignment on it. That way you have teh coverage you need, and are not able to change the beneficiary without the bank knowing about it. |
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sortaclarksville
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No bank will let you use a term policy as collateral.
Also, the only way they can collect on the policy is if you croak. That doesn't allow them to collect should you just walk away from the loan. They would have to wait until you died to collect, and that may be 60 years from now. And, by then, the policy may have lapsed due to nonpayment or simply expired. |
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Dr. Deth
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If it's term insurance - it's useless as collateral. You can only borrow against Whole life - the cash surrender value portion = and that's usually very low compared to the coverage amount - forget it-not going to happen |
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mbrcatz
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None. Life insurance isn't collateral, because you can sign them as beneficiary today, then change over to me tomorrow.
Plus, if you stop paying the premium, it lapses, then NEITHER of us can collect if you kick off. |
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aaron p
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A bank may ask you to collaterally assign the policy to help cover certain risks, but they will not loan you money just for your policy. With a term policy, the only way you are getting money from it is to sell it to a third party, and that only works if you are really sick or old. |
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