A life insurance policy may be used as collateral to secure a loan. If you die before the loan is repaid, the lender will be repaid from the policy’s death benefit proceeds before beneficiaries can ...

Washington proposes outlawing assignment of benefits in property claims, with violators facing fines up to $50,000 per violation. Senate Bill 6178, sponsored by Senators Samuel Hunt, Adrian Cortes, ...

Life insurance is a way to provide financial security for your loved ones in the event of your death. You purchase a policy and make regular payments, and the insurer will pay a tax-free death benefit ...