0
Be healthy, quit smoking and drinking. Live a boring healthy lifestyle, or alternatively, you could lie and hope for the best.
Furthermore, you could not pay for life insurance and just put some money inside for yourself each month, but then, if you get really ill, would you be able to sort yourself out... I think not
Wiki User
∙ 11y ago
Add your answer:
Earn +20 pts
If you die and you still have outstanding loans can they take your life insurance to pay everything off?
Life insurance paid to your estate could possibly be used to pay off personal debt. However, if the life insurance is paid to a beneficiary, it is their money, not yours, so the beneficiary has no obligation to use the money to pay off your debt.
How do you get money back from lapsed life insurance met life?
how do you get money back from life insurance met
Can you get money from your life insurance policy?
You can get money from life insurance in the form of maturity benefit and death benefit (the later being paid to the nominee).
Why should you get life insurance?
You get life insurance to help pay for your funeral, help pay off your debts & if you have children they will most likely get some money to help them out until they are old enough to get their own job and support themselves.
Can life insurance proceeds be used to pay off a home mortgage?
Yes, life insurance proceeds can be used to pay off a mortgage. Proceeds from a life insurance policy can be used for any reason. The proceeds are paid to the beneficiary, free from federal income taxes. If the policy is a mortgage protection policy it usually pays the money directly to the mortgage holding company.
If you die and you still have outstanding loans can they take your life insurance to pay everything off?
Life insurance paid to your estate could possibly be used to pay off personal debt. However, if the life insurance is paid to a beneficiary, it is their money, not yours, so the beneficiary has no obligation to use the money to pay off your debt.
How do you get money back from lapsed life insurance met life?
how do you get money back from life insurance met
Do life insurance companies ever pay off debt before giving the beneficiary the money?
No.
What types of insurance does Virgin Money offer?
Virgin Money offers life insurance, car insurance, home insurance, pet insurance, and travel insurance.
Who invented the term life insurance quotes?
Life insurance quotes were not invented by any one person rather these quotes came into being in order to provide the loved ones of those lost ability to survive off insurance money.
What is problem of Insurance in Bangladesh?
What insurance? Life or Properties! Life insurance is a problem for poor countries. When one have no food or money, will he go for insurance?
What is the benefit of buy term insurance?
The benefit of term life insurance is that once the life insurance is completely paid off, then the monthly premium are paid off by the dividends. People can also borrow from their life insurance.
Can you get money from your life insurance policy?
You can get money from life insurance in the form of maturity benefit and death benefit (the later being paid to the nominee).
Why should you get life insurance?
You get life insurance to help pay for your funeral, help pay off your debts & if you have children they will most likely get some money to help them out until they are old enough to get their own job and support themselves.
What life insurance do you get for an inmate?
you can't. The person needs to be out and off probation to be able to get life insurance.
Can life insurance proceeds be used to pay off a home mortgage?
Yes, life insurance proceeds can be used to pay off a mortgage. Proceeds from a life insurance policy can be used for any reason. The proceeds are paid to the beneficiary, free from federal income taxes. If the policy is a mortgage protection policy it usually pays the money directly to the mortgage holding company.
Am I expected to use my fathers life insurance to pay his remaining debt off?
Yes, that is the law. If you blow the money, the creditors will come after you and make your life miserable. Why would you think you would not have to pay his debts with his money?
