Life Insurance Collateral Assignment

Need Life Insurance with a Collateral Assignment?

Look no further.  We're your agency.

Whether you need it for a SBA loan, structured settlement, pension advance or anything else, we can help you.  Every day we work with banks, settlement companies and consumers around the United States to secure life insurance with a collateral assignment.

Be careful.  Not all life insurance companies allow collateral assignments and most that do have specific requirements.  Make sure you work with an agency that handles these every day so you can get your money quicker and without headaches.

An experienced Root Financial life insurance agent can make this process fast and easy for you.  Here are the simple steps:

  1. Life Insurance Collateral AssignmentWe contact your lender to determine the specific terms of the life insurance collateral assignment required.  We need to know the EXACT wording and amount required on the collateral assignment.
  2. Apply for a term life insurance policy.  Depending on when you need it, we’ll decide if a no-medical exam policy is appropriate (approved within days, but more expensive) or if we can rush a fully underwritten policy (approved in 4-6 weeks, least expensive option).  Also - you can assign a current life insurance policy if it meets the lender’s requirements.  
  3. Process the appropriate collateral assignment form.   Almost every lender will accept the life insurance company’s collateral assignment form, however it’s always smart to consult the lender to verify the form and wording used in the life insurance company’s collateral assignment form is ok.  We don’t want any surprises at the end.  We’ll take care of this for you.  
  4. Finalize the life insurance collateral asssignment form.  Once the policy is approved, the form is signed by the lender and the insured -  then finally sent back to the life insurance company for signature and completed copy will be sent back to the lender. 

While it may sound easy, it’s actually very technical.  It’s important that you work with an experienced, independent  life insurance agent who is familiar with the life insurance collateral assignment process or you’ll be in for a lot of headaches along the way.

Call us at 888-430-7668 or fill out our contact form here at

Instant Quote

You might also like

term life insurance rate chart

Term Life Insurance Rate Chart

If you’ve here looking for a term life insurance rate chart…we have something MUCH better for you. Consumers looking for a term life insurance rate chart are better served by using our instant life insurance quote tool on the right. Quotes will be displayed instantly and you can see rates from the nation’s top rated […]

Life insurance help

Life Insurance Crash Course for Online Consumers

After taking a few minutes to read through this crash course, you will know more than 99% of online life insurance consumers. The most critical tip I can give anyone searching online for life insurance is to work with an experienced and independent life insurance agent or agency. The life insurance business is littered with […]

About Jeff Root

is the owner of He's an independent life insurance agent who has helped 1,000's of consumers purchase life insurance online and over the phone.

View all posts by Jeff Root

This entry was posted in Tips. Bookmark the permalink.

Comments are closed.