[Answer] The death benefit of Credit Life and Health Insurance is paid to which of the following?The CreditorThe account of the debtorThe policyholders beneficiaryThe Creditor's Beneficiary

Answer: The creditor

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The death benefit of Credit Life and Health Insurance is paid to which of the following?The CreditorThe account of the debtorThe policyholders beneficiaryThe Creditor's Beneficiary Some states do not protect death benefits but do protect the cash value of life insurance policies under certain circumstances. In Florida for example there is no protection for death benefits ... The death benefit on a life insurance policy can be paid in any of the following ways each of which has the same present value as the death benefit : (i) a perpetuity of 120 at the end of each month; (ii) 365.47 at the end of each month for n years; and (iii) a payment of 17866.32 at the end of n years. Can Creditors Go After Life Insurance? - Budgeting Money Can Creditors Go After Life Insurance? - Budgeting Money Can Creditors Go After Life Insurance? - Budgeting Money Can Creditors Go After Life Insurance? - Budgeting Money The death benefit on a life insurance policy can be paid in any of the following ways each which has the same present value as the death benefit : i) A perpetuity of 120 at the end of each month ii) $365.47 at the end of each month for n years iii) A payment of 17 866.32 at the end of n years Find the amount (present value) of the death benefit . Under a 20-pay whole life policy in order for the policy to pay the death benefit to a beneficiary the premiums must be paid For 20 years or until death whichever occurs first. An insured buys a 5-year level premium term policy with a face amount of $10 000. There are a few situations that can make a life insurance policy more vulnerable to the claims of creditors . If the policy names beneficiaries who are alive at the time of the insured person's death ...

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