Can credit card companies take a life insurance policy to pay someone's large debt if they left no other estate?
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Answer:
Credit card companies cannot "take" anything. Due process of law always has to be followed. When a person dies, their assets and debts are filed in Probate Court,if state law requires it. Some life insurance benefits can be included as assets and used to pay debts. However, many policies have specific clauses that do not permit the benefit(s) to be used for that purpose. The best option is to discuss the matter with the agent/company issuing the policy.
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