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If my father dies with debt, but has life insurance, how does that play out?
If my father dies with debt, but has life insurance, how does that play out? (CA). My father has a 150K whole life insurance policy. I know debt isn’t inheritable, but how does it work with spouses? My mother will most likely still be alive. If he were to have medical debt when he passes away, would the life insurance go to the debt? Wondering as this is a very real scenario in the next 5 years or so.
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