B
Big Mac
Guest
This question is from Georgia.
Can a creditor sieze the cash value of a life insurance policy to help satisfy a judgement? My mom has a small insurance policy and her credit card debt is several times the cash value of this policy. I am her sole benificiary on the policy. The policy is not paid up as of yet and won't be for a few more years. Mom has no income except Social Security and that goes to the nursing home where she is residing. She has no property, stock, bonds, savings AT ALL.
Can a creditor sieze the cash value of a life insurance policy to help satisfy a judgement? My mom has a small insurance policy and her credit card debt is several times the cash value of this policy. I am her sole benificiary on the policy. The policy is not paid up as of yet and won't be for a few more years. Mom has no income except Social Security and that goes to the nursing home where she is residing. She has no property, stock, bonds, savings AT ALL.