Legal Question in Family Law in Texas
Proceeds from Life Insurance Policy
Does a lender who is owed a balance on a loan to the deceased have any right to deceased's insurance policy benefits ahead of designated beneficiaries?
Asked on 2/12/07, 3:21 pm
1 Answer from Attorneys
James Grissom
Law Office of James P. Grissom
Re: Proceeds from Life Insurance Policy
Unless there was some assignment or a judgment in favor of the lender on which they could execute if they could find the life insurance proceeds, the answer is no.
Answered on 2/12/07, 8:42 pm
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