0
I'm not sure whether you are worried about burial services, old debt, or what you are referring to. Burial: Most counties have free or very reduced service options...call your county office. Re: debt, you do not need to pay the persons credit card or other unsecured debt. Other debts are supposed to be paid and most pay out of the estate. If things are too tricky...hire an attorney
Wiki User
∙ 13y ago
Add your answer:
Earn +20 pts
What does it mean to insure a loved one?
To insure a loved one means to protect someone you love with life insurance. When a family member dies, life insurance will give cash to the family after their death, helping the family out even when that family member is dead.
What is Life and AD and D Insurance?
Insurance for the family if one of the adults running the household dies.
What can we be insured for?
A life insurance policy can go a long way toward helping dependents who have experienced the death of a loved one. If the breadwinner of the family dies, his dependents can be left with nowhere to turn. If he has a life insurance policy, however, then his dependents will have a safety net until they can fend for themselves.
Who collects when there's no beneficiary on a life insurance policy?
who collects the life insurance in a marriage when one spouse dies and theres no beneficiary on file
How does a Universal Life Insurance Policy work?
Universal Life Insurance Policies work by giving death benefits when one dies. Unlike other life insurance policies, universal life insurance policies generate interest over time.
What type of insurance do you need in order for the mortgage to be paid off when one owner dies?
Joint Mortgage Term Life Insurance
What are some advantages to having personal life insurance?
Personal life insurance can protect one's surviving family if one passes away unexpectedly. When one dies, life insurance can provide money for the family for funeral and burial services, as well as living expenses.
Why do people buy health insurance?
so that if them, or a loved one dies, or is injured, they are not burdened with the medical expenses. to minimise the risk when risk actualy occure.
Where can one find information about life insurance quotes online?
Life insurance is an important part of life, by insuring loved ones are taken care of without worries. Life insurance is comprised of many parts that are made specifically to fit your lifestyle.
Is there insurance that pays mortgage if one of two owners dies?
Yes. It's called Mortgage Life Insurance or Credit Life Insurance and is sold by the lenders. But if you can qualify (no outstanding health problems) it may be cheaper to get a decreasing life insurance policy or a whole life policy on your own.
Does homeowners insurance pay off your mortgage if one of the homeowners dies?
No. For that kind of benefit you need mortgage insurance or a life insurance policy.No. For that kind of benefit you need mortgage insurance or a life insurance policy.No. For that kind of benefit you need mortgage insurance or a life insurance policy.No. For that kind of benefit you need mortgage insurance or a life insurance policy.
What are the benefits of having life mortgage insurance?
The primary benefit of having mortgage life insurance is to eliminate the risk of passing one's debt onto their heirs. The point of having mortgage life insurance is that if one dies with an unpaid balance on one's mortgage then the insurance covers the remaining balance and whoever inherits the estate will owe nothing on the house.
