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	<title>New answer on: Does Life Insurance Have To Be Used To Pay Debts?</title>

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		<title>By: David Racich</title>

		<link>https://insurancelibrary.com/life-insurance/does-life-insurance-have-to-be-used-to-pay-debts</link>

		<dc:creator>David Racich</dc:creator>

		<pubDate>Mon, 27 May 2013 21:53:40 +0000</pubDate>

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		<description><![CDATA[Life insurance proceeds go to the policy beneficiaries. In domestic scenarios, the proceeds generally pass to them tax free. Although paying off debt is a worth target for death claim money, it is not required. However, if the death benefit was collateralize, that might make the collateral holder in first position for the payout.]]></description>

		

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		<title>By: Larry Gilmore</title>

		<link>https://insurancelibrary.com/life-insurance/does-life-insurance-have-to-be-used-to-pay-debts</link>

		<dc:creator>Larry Gilmore</dc:creator>

		<pubDate>Thu, 18 Apr 2013 15:59:20 +0000</pubDate>

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		<description><![CDATA[Unless the benefit is assigned to repay debts, the short answer is no. Life Insurance is a special product that does a simple thing, that is create a pool of money to be used for anything the beneficiary wants to use it for. The only exception possible to a debt is a debt to the government.]]></description>

		

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