Wealthy Habitat

Words explained

Collateral

Something pledged so a lender can take it if you do not pay.

Where it is explained in full

Whole life insurance: what it is, who uses it, and the arithmetic nobody shows you. A life insurance policy that also holds a savings account inside it. It is sold to almost everyone and it fits a few people well. This page explains how it works and how to tell which you are, and it never tells you what to buy.

A definition says what a thing is; it never says whether it fits you. The guides explain how it works and name the professional who confirms it for a particular person. The No Advice Disclosure.

Ask about Collateral

A model reads this page and answers from it. It will say when the answer is not on the page. Education, not personalized advice.