Answer: B. An insured borrows money from the bank and makes a collateral assignment of a part of the death benefit to secure the loan.
Explanation:
A collateral assignment allows a person to use their life insurance policy as collateral when taking out a loan. It is therefore based on a life insurance policy ownership, but isn't one itself.
It works by allowing the creditor to be able to get back whatever is owed to them when the debtor dies by claiming it from the proceeds of the debtor's life insurance policy.
Answer:
I think gathering reference is a good idea.
Answer:
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A diverse society has many different experiences and cultures. Many good ideas can become of a diverse society in order to bring about positive change and new opportunities for an increasingly different community. Diversity can also have challenges. Many cultures have ideals and beliefs that can prevent successful communication between the different parties.
