The debtor who receives money and in turn grants a lien on his property as security for a loan.
The debtor who receives money and in turn grants a lien on his property as security for a loan.
Various rights that may be exercised under the policy contract by the policy owner. Some of the incidents of ownership would be: (1) the right to cash in the policy, (2) to receive a loan on the cash value of the policy, and (3) to change the beneficiary.