by Ballyhoo30a » Tue Feb 24, 2015 12:53 am
I just found out my student loans are in default. My mother just passed away and I am beneficiary on her life insurance policy. There is a tax offset so they took my tax refund. Can they do the same with life insurance money?
Posted: Fri Mar 06, 2015 03:30 am Post Subject:
Not as long as you don't have it in your hands. Once the money is paid to you, if you owe money around town, your creditors can come after it. While it is with the insurance company, they cannot touch it.
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