Easily Insert Dropdown in the Personal/Corporate Guarantee

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How to Insert Dropdown in the Personal/Corporate Guarantee

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[Music] hi everyone thanks very much for watching in todays video were going to go over how to create a corporate or personal estate transfer case inside of life design analysis to start were going to go to the add new case option and were either going to create a client on the spot or work with an existing client file in our lda account for todays example im going to use my steve sample client and click continue to proceed once on the design case page my first step is to add in the plan that i would like to use for presenting this concept generally speaking were looking at either overfunding a universal life or bringing in a par whole life plan im going to use power whole life for todays example i have one through canada life ive pre-designed so im going to select canada life from the drop down menu indicating to lda that im going to bring in a spreadsheet for canada life whole life product and now the system is going to prompt me to go retrieve that data from the illustra

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What are the three 3 types of guarantees?

Retrospective guarantee It is a guarantee issued when the debt is already outstanding. Prospective guarantee Given in regard to a future debt. Specific guarantee Also known as a simple guarantee, its a type that is used when dealing with a single transaction, and therefore a single debt.

How do I add a drop-down option?

Create a drop-down list Select the cells that you want to contain the lists. On the ribbon, click DATA Data Validation. In the dialog, set Allow to List. Click in Source, type the text or numbers (separated by commas, for a comma-delimited list) that you want in your drop-down list, and click OK.

Who is a corporate guarantee given by?

Corporate Guarantees is a guaranty by one business entity or by one Corporate entity or by a Holding company for another group company or subsidiary company or Joint venture company.

What is a corporate guarantee versus personal guarantee?

The difference between corporate and personal guarantors is quite simple: a personal guarantor is an individual who agrees to take on the obligations of a debt for a debtor, whereas a corporate guarantor is a corporation that takes on payment responsibilities.

What is an example of a personal guarantee?

Corporate credit cards that are issued to an individual are another example of a personal guarantee. The individual or employee is responsible for the debt that the organization takes on and the overall spending on the credit card. Here, the cardholder takes the role of a guarantor.

What is an example of a corporate guarantee?

Types of Corporate Guarantee For example, if there is a limit of $1,000,000 to be paid to the lender by the guarantor if the debtor goes bankrupt despite that $5,000,000 was borrowed initially. For an unlimited corporate guarantee, the guarantor is not limited by a particular amount of money to be repaid.

What does personal guarantee mean on loan?

A personal guarantee is a provision a lender puts in a business loan agreement that requires owners to be personally responsible for their companys debt in case of default. Lenders often ask for personal guarantees because they have concerns over the credit history, age or financial stability of your business.

What is a corporate guarantee?

A corporate guarantee is an agreement in which one party, called the guarantor, takes on the payments or responsibilities of a debt if the debtor defaults on the loan.

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Insert Dropdown in the Personal/Corporate Guarantee