What happens if I already have a life insurance policy in force and I want to get a loan?

The best part is that if you already have a life insurance policy in force and if you want to take a credito no longer need to conclude another life insurance policy. 😃 

You can quickly opt for the assignment of the existing policy in favor of the bank.

❗⠀The only condition you need to consider it is that the policy should be concluded for a period at least equal to the duration of the loan, and the insured amount should cover its value. 👍