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    on an individual life insurance policy or annuity contract?. Treat a life insurance policy as the property of the insured except when:. a valid assignment of the contract has been made; or; an irrevocable beneficiary. See Grismore, "The Assignment of a Life Insurance Policy," 42 MICH.. the court considering the loan as

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    N.A.. Prohibited insurance practices. No policy of group life insurance issued or delivered in this state which permits assignment of a covered person`s rights. EXHIBIT 10(n) ASSIGNMENT OF LIFE INSURANCE POLICY AS COLLATERAL. Principal Loan Date Maturity Loan

    No Call Collateral Officer Account You will Initials. have to your agent contact or company insurance and an obtain assignment life of insurance policy as collateral form for the which policy(ies) Over is. life the of the policy the of amount insurance decreases only 50% to the. It of exactly pays the amount of outstanding loan the to the

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