The company or carrier is responsible for financially managing the shared pool of life insurance money available for pay out if you or another member dies while owning their policy. (quotacy.com)
Without gap insurance, you risk losing out on thousands of dollars of insurance money if you're involved in an accident. (valuepenguin.com)
What happens when a beneficiary, who receives life insurance monies in a payout, owes the estate? (money.stackexchange.com)