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Is My Life Insurance Policy Applied to Debts First?

Posted in Life Insurance , Life Insurance Claims

April 8th, 2009
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A lot of people think that when you die, your debts are instantly forgiven. Unfortunately, when it comes to secured debt like mortgages, auto loans and the like, this is not the case. The law on unsecured debt varies by state, but in most cases, your outstanding debts, as well as your assets, are considered part of your estate. Mortgages, auto loans and any other form of secured debt will be inherited by your surviving family along with your assets. Is My Life Insurance Policy Applied to Debts First?

Do Life Insurance Claims Expire?

Posted in Life Insurance , Life Insurance Claims

March 30th, 2009
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If filing a life insurance claim was on your list of priorities, yet you took a while to get to it, you may be wondering if youve run out of time to file. This is a natural concern because so many deadlines are placed on legal documents. So lets take a closer look at the time constraints on these types of policies. Do Life Insurance Claims Expire?


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