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Life Insurance

Specific insurance that pays an amount of money to a designated beneficiary when the insured person dies.

You may be asked to provide a life insurance benefit statement to verify that you own the policy and it has an available cash value. If the cash value will be used for a down payment or to pay closing costs, you may be asked to provide proof that the policy was liquidated.

Tips for a smoother application process

  • Make sure documents are clear and legible.
  • Don't alter any pages (no strikethroughs, cross-outs, etc.).
  • Send all pages, even the blank ones.