Customers who are “underwater” whose credit holdings exceed the current value of the policy are forced to deposit additional collateral at low-weighted interest rates and/or abandon policies and pay the outstanding credit out of their own pockets. In addition, several airlines active in the financing market have been degraded, which has led to large-scale exchanges or surrenders to the directives in force. Most premium financing agreements designed to provide liquidity to the client in the event of death are 100% guaranteed. In most cases, the customer must either deposit a credit (LOC), deposits, other unfunded life insurance policies, pensions, or other hard assets approved by the lender to satisfy collateral. Collateral requirements may vary depending on economic conditions and require the client to liquidate positions to deposit collateral. This has led the English courts to declare that a person who has a life insurance contract on the life of an insured must have an “insurable interest” in his life. This means, in his simplest words, that you must take greater advantage of it if you insure the person alive and not dead. Direct inbreds certainly have an insurable interest in a family member. A counterparty may have an insurable interest for another counterparty. Recent court proceedings have heard arguments from insurance agencies regarding the sale or transfer of ownership of policies in courts across the country (about 2010) by policyholders who sold their policies to investors.