Tag Archives: bank

In order to secure a mortgage, banks often ask their customers to purchase a life-insurance policy. This ensures that, in the case of a serious accident, the borrower will be able to repay the loan or, in the unfortunate event of the borrower’s death, that his heirs are not liable to pay any debts incurred by the mortgage. Is it …

Tuesday, 18th February 2025 at 12:43 A Castilla La Mancha court sentenced a woman in Spain to two years of prison and a fine of 78,643.72 euros for hiding her husband’s demise from the Social Security, his bank, and his heirs in order to collect his pension. She used her position as an authorized person to withdraw cash and make …