What happens if you get a loan under life insurance and suddenly you die?
What happens if you get a loan under life insurance and suddenly you die?
Well…my father passed away a few years ago and now pretty surprisingly I still owe the money as one of the heirs.
Some lawyers advice me that this is illegal from the bank in cases of "life insurance" or the original borrower(my father, thus).
Some lawyers advice me that this is illegal from the bank in cases of "life insurance" or the original borrower(my father, thus).
Thanks!
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1.31.2010
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