Minneapolis, MN asked in Insurance Bad Faith for Minnesota

Q: y wife has a whole life life insurance policy which we only just found out about.

y wife has a whole life life insurance policy which we only just found out about. Her mother who passed away in 2006 took it out in 1996. Her mother took out a loan whist my wife was still a minor 3 years before she passed away. My wife didnt know about this. Does she owe it?

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1 Lawyer Answer
Adam Studnicki
Adam Studnicki
  • Insurance Claims Lawyer
  • Phoenix, AZ

A: The question is not clear. I'm not sure if you mean "owe" or "own". Start by checking the status with the insurance company. You can talk to an insurance agent or insurance lawyer for advice.

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