What You Need to Know Before Using Your Life Insurance Policy as Collateral

February 5, 2020February 4, 2020 Logan B.

Putting up your life insurance policy as collateral first requires an understanding of what collateral assignment entails. By assigning any asset of yours as loan collateral, you’re legally pledging to give lenders proportional legal ownership of those assets in the event that you default on your loan. Life Insurance as Collateral 101 In short, putting up your life insurance policy as collateral on a loan means that you need to be ready to lose it in the event that you can’t pay your loan back. Before anything else, you need…

Nationwide embraces new insuretech partnerships for commercial telematics support

February 5, 2020February 3, 2020 H. Cutner

Insuretech partnerships - emergency vehicle

The insurance company is working with Azuga and Zubie to power their new initiatives. The commercial insurance group at nationwide has secured two strategic insuretech partnerships. These are meant to help the insurer streamline its coverage options using telematics. Their goal is to launch new and refined fleet management programs for human services drivers. To do this, Nationwide has entered into insuretech partnerships with Azuga and Zubie. These two firms provide trip-tracking and analytics capability support technology. They are playing a substantial role in the insurance company’s Vantage 360 Premium…