Can I use group insurance policies as collateral?

Question:

Can you use a life insurance policy and a pension fund as collateral to get investors to invest in a new business

Answer:

Dillon, You cannot use your retirement fund or group insurance policies as collateral for a new business

The information and answers supplied in this section do not constitute advice as defined by the Financial Advisory and Intermediary Services Act, 37 of 2002.

Category: For Business

Topic: Customer Questions

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