Does Life Insurance Pay Debts? 
Yes . This is one of the most common reasons why people buy life insurance . Many people want to have their mortgages , their kids college tuitions , cars , medical bills , and many other types of debts paid off in the even of his/her death . Please note , the proceeds that are paid out from a life insurance policy belong to the beneficiary and they can use the monies however they choose . I hope the information is helpful - please feel free to contact me for help and if you have any other questions . Thanks very much . 