Iowa  |  Banking Law

Legal Question

Asked on: 7/29/13, 8:17 am

I want to know we has a loan through a bank with insurance in case of death. My spouse was diagnosed with terminal cancer , then the said loan matured & we refinanced but insurance company would not re-insure her on the loan because of her medical condition . She passed away 3 months after signing re-fi pspers 6 months to the day of her diagnosis . Is that legal & are they still liable for loan amount ?

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