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Updated almost 3 years ago,

Greg Todrank's profile image
Greg Todrank's profile image
Greg Todrank
Pro Member
  • Rental Property Investor
  • from Bloomfield, MI
  • Member since Apr 5, 2020
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User Stats

86
Posts
33
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Greg Todrank's profile image
Greg Todrank's profile image
Greg Todrank
Pro Member
  • Rental Property Investor
  • from Bloomfield, MI
  • Member since Apr 5, 2020
Connect
Greg Todrank
Pro Member
  • Rental Property Investor
  • Bloomfield, MI
33
Votes |
86
Posts
Mortgage Brokers & Lenders

Bank Asking for Life Insurance Policy

Greg Todrank
Pro Member
  • Rental Property Investor
  • Bloomfield, MI
Posted

I have hit a threshold with my local bank for the amount that I have borrowed.  They are now asking for a life insurance policy of $250k with them as the beneficiary.

1.  Has anyone had any experience with this?

2.  Ideas on a basic / reasonable policy to meet this requirement.

  • Greg Todrank
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