Posted on July 31st, 2008 in Burial Insurance
gervoi asked:
I have a small policy so my sister and nephew do not get stuck with my burial expenses. I do not want my creditors to find out about it and suck it up dry. Should the beneficiaries cash it immediately upon my death, or wait a certain amount of time for my creditors to write my debt off?
I have a small policy so my sister and nephew do not get stuck with my burial expenses. I do not want my creditors to find out about it and suck it up dry. Should the beneficiaries cash it immediately upon my death, or wait a certain amount of time for my creditors to write my debt off?