beneficiary of life insurance
What happens if I’m a beneficiary of my spouse life insurance and I’m bankrupt at the moment?
Posted from: British Columbia
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What happens if I’m a beneficiary of my spouse life insurance and I’m bankrupt at the moment?
Posted from: British Columbia

Nothing, unless your spouse dies during your bankruptcy. If that happens the insurance benefits would be paid to your trustee for the benefit of your creditors, instead of being paid to you.