Posts Tagged ‘Insurance’

What life insurance is best for a husband and wife who are newly pregnant?

Life Insurance
Veda P asked:


My sister and her husband just found out they’re pregnant, and now her husband is researching life insurance. Which is best for a new family? They make average income for a couple.
I meant more along the lines of which is best, Universal Life, Term Life, Whole Life, etc.? They do have an insurance company already. Sorry for being unclear.

NBC News – Investing In Life Insurance

lostaznboy68 asked:


Investing in life insurance can be an important asset in your investment portfolio.

Does life insurance have to be used to pay the deceased debts?

Life Insurance
Jewel V asked:


If I am the beneficiary of life insurance payment after someone dies, do I have to by law use that money to pay off the deceased debts? Or is this something that the bill collectors cannot touch at least legally? How would the creditors even know that there was a payout of life insurance? Anyway for them to know this? Can I get in trouble for not paying?