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Benefits are reduced

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Q: When the insured dies and a loan exists what happens?
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Related questions

What happens to a home if you are not on the loan but on the title-deed and the person on the loan dies?

what happens if your husband dies and i am on deed,but not on loan.am i responsible for the loan and do i keep the house/


What happens if you cosign a loan and the other person dies?

yes


What happens to balance on car title loan when car is stolen?

Every car obtained on loan definitely is an insured one.One gives loan on insurance basis only.


What happens to a loan if the seller dies?

If a seller dies, a loan might still be owed by the family of the person that died. In some cases, the loan would be forgiven if the seller died or passed away.


What happens if you are a borrower and the co-signer dies?

If the co-signer dies the surviving borrower is responsible for paying the loan.


What happens if co-signer of a student loan dies?

The other signer is responsible.


What happens if a co signor dies before the loan is paid?

The other signatory on the loan is now fully responsible for the debt.


What happens to loan with one parent if that parent dies?

Some institutes, if its a smaller loan will allow you to fax in a death ceterifercate.


If a 96 yr old mother co-signs a loan for you and she dies what happens?

They probably bury her.


What happens when a co signer dies and you stop paying on car loan?

bank takes back


What happens to a bank loan when a person dies?

If the loan is secured, then the collateral is returned to the bank. If the loan is unsecured, like a credit card, then the bank submits the balance to the estate of the deceased.


What happens to a loan if the holder dies and there is no insurance or estate?

If there are no assets in the estate the lender is out of luck as to having the loan paid off, however, it can repossess the automobile.