Is Life Insurance Left To Beneficiary Used To Pay Off Debt Before The Beneficiary Receives The Money?
I want to know about life insurance fund allocation after death.
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My mother recently died with no estate, but tes of thousands of credit card bills. As she had no estate, all her bills were written off by the card companies. Her insurance policy was left to a son and he got to keep all the money because HE did not incur HER bills.
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