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Question by msnoose: Can a life insurance policy inherited by a trust be responsible for medical debt?
When someone dies with a will & a life insurance policy can that policy be tapped to pay their medical bills? The policy is in a Trust for the daughter’s college fund.
Best answer:
Answer by don_sv_az
The proceeds of the life insurance policy belong to the beneficiary completely. In this case it belongs to the daughter’s trust and she or the person managing the trust can not be forced to use it t0 pay bills for the deceased. The deceased bills are paid out of their estate (belongings and investments).
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More Aids life insurance on offer
As people with HIV live longer, South Africa's life insurance providers are offering more policies to tap into a growing market, but for many people the premiums remain prohibitively expensive. HIV life insurance policies have existed for more than a …
Read more on Health24.com
