Can Debt Collectors Come After Life Insurance? 
The only time debt collectors can come after life insurance proceeds is if it is the beneficiary who has the debt . This may be because they cosigned a loan with the person who passed away , or it may be because they have their own debts , and the lender found out they have some money to apply toward the loan . Lenders can not take away life insurance proceeds from a beneficiary to pay for a debt left by the insured person who died . 