Can Creditors Take Life Insurance Proceeds?

  1. 63333 POINTS
    Peggy Mace
    Most of the U.S.
    If the person with the debt is the person who owes money to a creditor, then the creditor can take life insurance proceeds if they are left to his/her estate. If the beneficiary is a person, the creditor cannot take the life insurance proceeds unless the beneficiary was a co-signer to the debt.
    Answered on June 28, 2013
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