Life insurance and estate

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Life insurance and estate

My friend’s husband recently died. He had a life insurance policy. He had certain debts. Will the life insurance policy be considered as a part of his estate or will my friend be able to claim it?

Comment

Anonymous (not verified)
6-06-2012

3 Answers

Votes

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The life insurance policy will be considered as a part of the deceased person's estate. His debts will be paid off from that estate.

Comment

jameshogg | Asked on 2012-06-06

I agree with what James has said. The life insurance policy will become a part of the deceased husband's estate. All the creditors/lenders will claim their money from this estate.

Comment

smith.sussane | Asked on 2012-06-06

It depends on who the beneficiary is. If the beneficiary isn't responsible for the Estate, she can do whatever she wants with the proceeds.

Comment

raymond | Asked on 2012-10-25

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