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2013-01-07 22:30:44
2013-01-07 22:30:44

The beneficiary can use the life insurance benefits at their discretion.

Answer In the UK before any monies (including life insurance) can be distributed, the money from a persons estate must (savings, life insurance, stocks, shares property etc) must be used firstly to pay all sickbed debts (debts of the deceased), the funeral directors account and any other lawful debt claim made to the executors of the estate, (claims can be made up to six months after a persons death). Once all debts have been paid, the estate then becomes free to be distributed, so if that is the proceeds from a life insurance policy, then that is okay provided the rules (law) has been followed. All bequests must be also satisfied from the free estate.

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