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I think you mean "creditors," those who are owed money. Debtors are the ones who owe the money. In Texas, the proceeds from life insurance policies are exempt if a dependent is named as the beneficiary. Otherwise, the funds are not exempt. Of course, the creditor must know about the policy to collect from it.
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How do you collect on old insurance policy?
There are many different kinds of insurance policies. Read the policy and find out what the terms of the policy are.
Can you collect life insurance on someone declared incompetenet?
Probably not unless the insurance company decides to allow it or it was a provision in the life insurance policy. Normally, people are not able to collect on their life insurance policy until the insured dies.
Can your beneficiary collect benefits from your insurance policy if you commit suicide?
Your beneficiary can collect benefits from your insurance policy if you commit suicide if, 1. Your policy provisions for payout in the event of suicide. 2. Your waiting period has been satisfied if stipulated by your insurance carrier and policy. Read your policy carefully and contact your policy carrier for assistance and clarity as it relates to your policy.
Can you collect on a life insurance policy if divorced from the deceased?
You can only collect on the life insurance if you were awarded this at time of divorce. I was awarded the ability to take out a life insurance policy on my ex. as I receive a military retirement which only exists if he is alive. After his death, it would stop, therefore I have the life insurance policy.
What if you had life insurance policy with university life insurance co of America?
Incomplete question, what about the policy? How to collect, is it is force, value, some specific question about it.
If you were fired for a violation of company policy can you still collect unemployment insurance in New York?
if you were fired for a company policy can you still collect unemployment in new jersey?
What documents are needed for a beneficiary to collect life insurance?
The insurance policy and a certified, original copy of the death certificate. If the policy has been lost or misplaced, the insurance carrier can provide the appropriate "lost policy" form.
How do you claim your father life insurance after his death?
I need to report my father's death and collect on his life insurance policy.
Can you sell property and still have insurance on the property and collect on it?
The insurance policy will be transferred in the name of the new property owner and will be entitled to all benefits against the said policy.
How do you cancel my SBLI insurance?
I would like to surrender my polocy and collect the policy dividends
Can you collect claims from your insurance and the other person?
if your accident is severe enough and the other person is underinsured - then you could collect from their insurance (must be their policy limits) and your insurance under the "underinsured coverage" or UIM - Underinsured motorist
If a husband took out an insurance policy on his wife without her knowledge can he still collect on it after they're divorced?
Life insurance, I assume? If you're in the US, and if the premiums have been kept up-to-date, yes, he can collect. He's not required to have her permission to take out the policy nor is he required to be married to her in order to collect on it.
