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Can Life Insurance Be Used As Collateral?
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[QUOTE="kayode10, post: 147390, member: 26899"] Raising a business capital is one of the hardest ask anyone can face whenever they want to start a new business. There are many ways in which people raise capital for their business idea they want to launch. Those who are lucky get business capital from friends and family who are buoyant enough and believe in their dreams. Another ways in which people raise capital for business is through angel investors. To be very honest angel investors are very hard to come by. Another way is to raise business capital by taking loan from financial institutions like bank. You know, bank will not give you any loan unless you have a reasonable collateral equivalent or greater than the loan you are applying for. So I want to ask that can someone use life insurance as a collateral to obtain loan from financial institutions? [/QUOTE]
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Can Life Insurance Be Used As Collateral?
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