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The BK itself is not a reason that insurance would be unavailable. You will be able to buy insurance but you may be limited on your options and the amount you buy. I suggest working with a knowledgable broker or agent.
Wiki User
∙ 15y ago
Wiki User
∙ 15y agoProbabl not. You can't do anything without the apporval of the trustee really. The stock assets aren't really yours to do with as you please...they are needed and will be used to pay at least some of the debts you haven't.
Wiki User
∙ 12y agoYes... as long as you are not an ex-felon you can sell life insurance (even if you have bankruptcy)
Wiki User
∙ 11y agoAs long as the Bankruptcy case has been closed, you should be OK. Who was included in the bankruptcy may also be a factor. Some insuranec companies may still turn you down though.
Wiki User
∙ 15y agoYes. Ask your lawyer about that!
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Will bankruptcy remove life insurance loans?
Life insurance loans are not on your credit report.
Can bankruptcy court get the proceeds of a life insurance policy?
The Bankruptcy Court has every right to claim the proceeds of a life insurance policy once you are declared by them as insolvent.
Can an life insurance proceeds be taken when bankruptcy is filed?
Yes
Sell life insurance if you filed bankruptcy?
If you are having financial issues and you need to sell you life insurance policy you can get in touch with a life settlement company and see what their terms are to sell your policy to them. Keep in mind, though, that such companies must be licensed by the state insurance regulatory authority, so never deal with one that is not. Furthermore, the proceeds of the sale may become part of the bankruptcy estate. Whether or not they are in your situation would be within the purview of the bankruptcy attorney. It is critical that you are entirely up front with the nature and extent of your assets, or the bankruptcy discharge may not be granted.
Can you obtain a life insurance license after bankruptcy?
That will depend on the licensing regulations in your state.
If you get a small amount of life insurance but need it for funeral expenses will it hurt your chances of discharging a Chapter 7?
Most life insurance benefits are exempt from bankruptcy. Contact the trustee or the attorney who handled the bankruptcy to find out what applies in this situation.
Can you keep an insurance payment check if you have put the outstanding bill on your bankruptcy already?
Take it off your bankrupcy papers and pay the bill, at least the portion that the Insurance gave you. Check with your bankruptcy attorney, insurance agent or doctors office. Generally checks are sent direct to the doctor.
Is term life insurance available following chapter 7?
Ordinarily, a bankruptcy that has been concluded will not be a barrier to obtaining term life insurance coverage. There may be questions about the existence of a past or present bankruptcy on the application, but in and of itself, if you otherwise meet the underwriting requirements, it should be available to you.
If I am a beneficiary on a life insurance policy and owe back taxes or have filed bankruptcy will the insurance company hold the check?
No, they will pay the claim to you and then you will be able to do what is fiscally responsible.
Do you need to state life insurance money previously received when filing a Chapter 7?
Here's a link to a great site that will tell you what you can keep in a Chapter 7 filing: http://bankruptcy-law.freeadvice.com/consumer_bankruptcy/property_filing.htm
After Bankruptcy discharge you were named as a beneficiary to a life insurance annuity but you deferred payment for 5 years Do you have to tell the trustee about this?
yes
What is the motto of New York Life Insurance Company?
The motto of New York Life Insurance Company is 'The Company You Keep'.
