Can a credit card company take life insurance proceeds to pay towards a debt even if the amount is only enough for burial expense?

Answer

No, insurance death benefits are exempt from creditor actions.

Improve Answer Discuss the question "Can a credit card company take life insurance proceeds to pay towards a debt even if the amount is only enough for burial expense?" Watch Question

First answer by Nikki. Last edit by Nikki. Question popularity: 33 [recommend question]

Also see on Answers.com

Research your answer:

Answers.com > Wiki Answers > Categories > Business and Finance > Personal Finance > Money Management > Credit > Credit and Debit Cards > Can a credit card company take life insurance proceeds to pay towards a debt even if the amount is only enough for burial expense?

Our contributors said this page should be displayed for the questions below. (Where do these come from)
If any of these are not a genuine rephrasing of the question, please help out and edit these alternates.
Pay for burial?