Heesunredmond
Junior Member
undefinedWhat is the name of your state? Virginia
I am married with two children. We bought a house together. We have life insurance polices and I am his beneficiary and he is mine. What happens to the debt we owe on student loan, loans, credit cards etc… when one of die? What kind of debt must be paid and from what assets? Am I obligate to pay some of the debt with insurance money or my choice?
My husband and I are young (early 30’s) but I just want to figure out whether we have enough insurance if something ever happens to one of us and what to expect… He has pretty big amount of student loan which is my main concern.
I am married with two children. We bought a house together. We have life insurance polices and I am his beneficiary and he is mine. What happens to the debt we owe on student loan, loans, credit cards etc… when one of die? What kind of debt must be paid and from what assets? Am I obligate to pay some of the debt with insurance money or my choice?
My husband and I are young (early 30’s) but I just want to figure out whether we have enough insurance if something ever happens to one of us and what to expect… He has pretty big amount of student loan which is my main concern.