Creditor Protection for Life Insurance and Annuities

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Kentucky Louisiana Maine Maryland Massachusetts Michigan 100% of life insurance proceeds exempt from claims of the insured's and the beneficiary's creditors and representatives. 100% of life insurance proceeds exempt from claims of the insured's and the beneficiary's creditors and representatives. 100% of life insurance proceeds exempt from claims of the insured's and the beneficiary's creditors and representatives. Debtor’s interest in unmatured policy (except credit life insurance) wholly exempt; provided that only $4,000 maximum accrued dividend or interest, or loan value, exempt (provided insured is debtor or individual upon whom debtor dependent). 100% of life insurance proceeds payable to the spouse, child, or dependent relative of the insured are exempt. 100% of life insurance proceeds payable to a beneficiary other than the insured is exempt from claims of creditors and representatives of party effecting the policy. 100% of proceeds of life insurance is exempt from claims of creditors and representatives of insured so long as beneficiary is not insured. 100% of proceeds up to $350 per month exempt from claims of creditors. Ky. Rev. Stat. Ann. §§ 304.14-300, 304.14-330 Same. La. Rev. Stat. Ann. § 22:912 Same, up to $450 per month. Me. Rev. Stat. Ann. Tit. 24-A, §§ 2428, 2431, Tit. 14 §§ 4422(10) and (11). Same. Md. Code Ann., Ins. § 16- 111 100% of proceeds or benefits of a group annuity contract are exempt from any debt of annuitant, beneficiary, or any other party having rights under contract. Mass. Gen. Laws ch. 175 §§ 125, 132C Same. Mich. Comp. Laws § 500.2207 18
Minnesota Mississippi Missouri Montana Nebraska Nevada New Hampshire 100% of life insurance proceeds are exempt. 100% of life insurance proceeds are exempt from liability for debts of insured; up to $50,000 of cash surrender value is exempt. Unmatured life insurance policy exempt; up to $150,000 in accrued dividends or interest earned on the proceeds exempt. 100% of life insurance proceeds are exempt from liability for debts of the insured;. 100% of life insurance proceeds, cash value, and benefits are exempt from claims of insured's creditors and claims of beneficiary's creditors if the beneficiary is related by blood or marriage to the insured; no exemption if beneficiary is estate of insured; up to $100,000 of loan value or cash value of life insurance contracts. 100% of life insurance proceeds are exempt from claims of creditors of insured and beneficiary. 100% of life insurance benefits and proceeds are exempt from claims of creditors or representatives of person effecting policy. Same. Annuity contract proceeds to the extent necessary for the support of the debtor and debtor's dependents are exempt. All proceeds to the extent necessary for the support of the debtor and the debtor's dependents. 100% of proceeds up to $350 per month exempt from claims of creditors Minn. Stat. § 61A.12; 550.39; 550.37 Miss. Code Ann. §§ 85-3- 1(b)(iii), 85-3-11 Mo. Rev. Stat. § 513.430(7), (8), and (10)(e) Mont. Code Ann. §§ 33- 15-511; 33-15-514 Same. Neb. Rev. Stat. §§ 44- 371; 44-1089 Same. Nev. Rev. Stat. §§ 21.090(1)(k), 687B.260, and 687B.290 None. N.H. Rev. Stat. Ann. § 408:2 19
Page 1 and 2: Research Institute of America Group
Page 3 and 4: eneficiary of the policy (rather th
Page 5 and 6: statute refers only to “monies pa
Page 7 and 8: illness, disability, death, age, or
Page 9 and 10: I agree that this statutory exempti
Page 11 and 12: 4. 504 U.S.573 (1992). 5. 11 U.S.C.
Page 13 and 14: State Exemption Table State Name Li
Page 15 and 16: District of Columbia Florida Up to
Page 17: Illinois Indiana Iowa Kansas 100% o
Page 21 and 22: Ohio Oklahoma Oregon Pennsylvania R
Page 23 and 24: West Virginia Wisconsin Wyoming 100

Creditor Protection for Life Insurance and Annuities

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