Is Life Insurance Safe From Creditors?

  1. 63333 POINTS
    Peggy Mace
    Most of the U.S.
    Life insurance proceeds that have been left to a beneficiary who is a person, charity, trust or other entity, are usually safe from creditors. If the life insurance is left to the estate of the deceased, then creditors may go after what is in the estate during probate, to collect it for the payment of unpaid debt.
    Answered on August 10, 2013
    flag this answer
    2. Did you find these answers helpful?
    Yes
    No
    Go!

Add Your Answer To This Question

You must be logged in to add your answer.


<< Previous Question
Questions Home
Next Question >>