Lending on the Security of Life Policies
Locations
This practical guide is intended for Lenders making loans on the security of a life assurance policy.
Who should read this?
Lenders making loans on the security of a life assurance policy.
The issues covered include:
- Types of policy
- Whether to take a legal assignment or an equitable assignment or charge?
- Issues where policies are written in trust under Section 11 of the Married Women's Property Act 1882
- Perfecting the assignment by notice