Policyholder loan bonds

Policyholder loan bonds

Packaged loans acquired by policyholders that are secured by the cash surrender value of the policies, and are offered by a broker/dealer as bonds.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

Policyholder Loan Bond

A bond that the issuer secures with the receivables on loans made to life insurance policyholders where those loans are, themselves, secured by the cash surrender value of those policies.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
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