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Collars are attractive to borrowers because they:
Death Of A Parent
A significant and often traumatic event in an individual's life, leading to profound emotional, psychological, and sometimes financial consequences.
Sandwich Generation
Refers to middle-aged individuals who are caught up in the middle between their young adult children, who still may need support, and their elderly parents, who also may need support, both physical and financial.
Young-adult Offspring
Individuals in their late teens to early twenties, considered to be the children or descendants of older parents.
Bereavement Process
The experience of grieving and mourning following the death of a loved one, often involving various emotional, physical, and social responses.
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