Do Bad Debts Get Deducted From Life Insurance Premium’s?
Posted December 23, 2009 – 10:22 pm in: structured settlements FAQMy parents want me to take out life insurance policies on them so I won’t be burdened by funeral expenses and such. They both have a lot of debt and I was just wondering if this debt would be paid for by the life insurance premium.
*My parents aren’t legally married although they have been [...]
Can Life Insurance Benefits Be Seized To Pay Debts?
Posted August 4, 2009 – 4:34 am in: structured settlements FAQI know they’re not taxed. But if my husband has debts that are in his name only that were incurred before we were married, or even while we’ve been married, can those companies collect payment from the benefits I would receive from his life insurance? If so, is there a way to prevent this and [...]
6 Comments | Tags: Benefits, Debts, Insurance, Life, SeizedCan Life Insurance Be Forced To Go To Pay Debts If There Are Named Be Beneficiaries?
Posted April 23, 2009 – 4:37 am in: structured settlements FAQMy dad passed away in Nov. He had named beneficiaries on his life insurance at work. He has way more debt than assets, he will have a negative estate. Creditors are threatening that we should use the life insurance to pay the balances…are these just tactics they use? Should we be concerned that the money [...]
7 Comments | Tags: Beneficiaries, Debts, Forced, Insurance, Life, Named, ThereDoes Life Insurance Have To Be Used To Pay The Deceased Debts?
Posted April 22, 2009 – 10:20 pm in: structured settlements FAQIf I am the beneficiary of life insurance payment after someone dies, do I have to by law use that money to pay off the deceased debts? Or is this something that the bill collectors cannot touch at least legally? How would the creditors even know that there was a payout of life insurance? Anyway [...]
7 Comments | Tags: Debts, Deceased, Does, Have, Insurance, Life, Used
