Can Debtors Take Life Insurance? 
Can Debtors take life insurance ? Couple ways to answer this question as I think it may be a bit off . People in Debt can take out life insurance , but it will actually depend on how bad it is.Life Insurance companies will credit your credit ratings and may decline to cover a person if their finances are bad . Did you mean `` Can Creditors take your life insurance ? '' In most cases NO . It 's going to depend on what state you 're in for complete details , but usually the courts exclude life insurance from settlements because the beneficairy is an `` innocent '' party to the problem . 