Online Life Insurance
Online Life Insurance
Can life insurance be forced to go to pay debts if there are named be beneficiaries?
Jennifer J asked:
My dad passed away in Nov. He had named beneficiaries on his life insurance at work. He has way more debt than assets, he will have a negative estate. Creditors are threatening that we should use the life insurance to pay the balances…are these just tactics they use? Should we be concerned that the money can somehow be taken? We live in Wisconsin. Thanks!
My dad passed away in Nov. He had named beneficiaries on his life insurance at work. He has way more debt than assets, he will have a negative estate. Creditors are threatening that we should use the life insurance to pay the balances…are these just tactics they use? Should we be concerned that the money can somehow be taken? We live in Wisconsin. Thanks!