Does Life Insurance Pay Debts? 
Life insurance creates cash at death . This cash can be used for many purposes including paying debts . Sometimes people will purchase life insurance to cover a specific loan or mortgage . Different products can be used for this purpose . An independent life insurance broker , who represents several companies , can help you find the right product at the right price . If you have further questions , or feel that I could be of assistance , please do not hesitate to contact me . If you would like to work with a local life insurance broker , you could start with a Google search . For example , if you search for : life insurance broker Halifax or life insurance agent Halifax , my name , along with several others , will come up . You can use the same method to find a life insurance broker in your community . 