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For Life Insurance, an Assignment Questionnaire would be issued by the lender to the insurance company to determine if it can be used as collateral. The questionnaire would include information as to cash value, existing encumbrances and beneficiaries. ...

While it is rare, we have accepted life insurance as collateral.  In our case, the RM had to get approval from Sr. Credit Committee to take it.  As for fees we just charge our customary fee which is a % of the LC, with a minimum fee.  Any special pricing ...

I appreciate the help that I have received over the years thru this group and the sharing of ideas and templates.....But PLEASE remember that we should not share specifics about loan terms and pricing.  Providing that kind of information could get us ...