Can vivacity insurance for someone be used for paying bad someone else's house?

Answers: Life Insurance benefits are remunerated to a beneficiary that the policy owner designates and they can then do what they wish to beside those proceeds. If the beneficiary is a trust money will be distributed as prescribed by the trust document and administered by the trustee including paying off another persons house.
YOU KILLED YOUR SPOUSE AND WANT TO PAY OFF SOMEONE ELSE'S HOUSE?
Whoever owns the policy, can name whatever beneficiary they want. When the beneficiary get the money, they can do whatever the heck they want with it - they can even reimburse off MY house!

The only times the money can't be used by the beneficiary any course they want, are when 1. the beneficiary is the estate. Then the money becomes part of the estate, to retribution off all the debts of the estate, BEFORE it's distributed to any of the heir or 2. when the beneficiary is a trust, and the trust must be disbursed according to the guidelines when it was set up. Source(s): agent, 21+ years
Yes, life insurance for someone can be used for paying off someone else's house.

The beneficiary or beneficiaries name in the life insurance policy receive the proceeds of the time insurance policy when the named insured person on the duration insurance policy dies.

Usually the proceeds of the life insurance policy are free of federal taxes when received by the beneficiary.

The beneficiary can use the proceeds of the life insurance policy within any way they wish. You can use the money to remuneration off your house or someone else's house.

I hope that helps! Best of luck to you. Source(s): http://www.term-life-online.com
The beneficiary can do doesn`t matter what they like with the $$
There are specific Life insurance policies that you can purchase near the sole purpose of paying off a mortgage in the event of a annihilation. Also, it is not uncommon for people to purchase Decreasing permanent status policies which should cover the cost of a mortgage over the life of the loan. As the name imply, the cost of the policy decreases along with the extermination benefit and (in theory) as your mortgage decreases. Premium payment should reduce as well... Source(s): Recently became a California Life Agent
If you are the beneficiary of a life policy, you can spend the money however you resembling. I will even let you pay my house bad for me! Source(s): insurance agent 23+ years

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