If you are the beneficiary of a life insurance policy, and you owe debt, debt collectors may go after your life insurance proceeds. State law places some limits on the amount they can take.
If you are the beneficiary of a life insurance policy and the deceased owed debt at the time of death, debt collectors cannot take your life insurance unless you were a co-signer for that debt. They can also go after the life insurance money if there was no beneficiary, but if the death benefit went to the estate.
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If you are the beneficiary of a life insurance policy and the deceased owed debt at the time of death, debt collectors cannot take your life insurance unless you were a co-signer for that debt. They can also go after the life insurance money if there was no beneficiary, but if the death benefit went to the estate.