Britain has approved financial aid for the purchase of condoms in South Africa, where the battle against HIV and Aids has been hit by the economic downturn.>>>
Be sure you understand all the implications before you cede a life policy as security for a loan, and be particularly aware of how the cession affects the nomination of beneficiaries to the policy.>>>
If you cede a life assurance policy with an investment value as security for a debt, be aware that the bank may not only call in that security if you die, but also if you cannot repay the debt.>>>
This week we deal extensively with the problems of cessions of life assurance policies to provide security for loans. It is a complex issue and one that can become a great deal more complex if you do not have a will.>>>
