Members of the Cassels Brock Financial Services Group, Charles Newman and Derek Levinsky, have authored a practice note titled “Security Interests: Life Insurance Policies,” published by Thomson Reuters for Practical Law.
The practice note discusses how to obtain a valid and enforceable collateral assignment of a life insurance policy. It includes an explanation of the various parties involved in a typical transaction where life insurance is granted as collateral security, an overview of the different features of various life insurance policies and a list of best practices for conducting due diligence.
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