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.
Probabl 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.
Yes... as long as you are not an ex-felon you can sell life insurance (even if you have bankruptcy)
As 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.
Yes. Ask your lawyer about that!
Life insurance loans are not on your credit report.
The Bankruptcy Court has every right to claim the proceeds of a life insurance policy once you are declared by them as insolvent.
Yes
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.
That will depend on the licensing regulations in your state.
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.
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.
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.
No, they will pay the claim to you and then you will be able to do what is fiscally responsible.
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
yes
The motto of New York Life Insurance Company is 'The Company You Keep'.