A collateral assignment of life insurance is a conditional assignment appointing a lender as the primary beneficiary of a death benefit to use as collateral for a loan
人身保险的抵押转让是指定贷款人作为死亡抚恤金的主要受益人的有条件转让,用作贷款的抵押品
collateral 擔保品,抵押something pledged as security for repayment of a loan, to be forfeited in the event of a default.