Creditor Protection for Life Insurance and Annuities

New Jersey
New Mexico
New York
North Carolina
North Dakota
100% of life insurance
proceeds are exempt from
claims of insured's and
beneficiary's creditors
except if beneficiary is
insured, executors and
administrators of insured,
or person effecting the
insurance.
100% of proceeds, cash
surrender value, and
withdrawal value of any
optional settlement of life
insurance contract
insuring the life of a New
Mexico resident or citizen
are exempt from claims of
creditors of insured and
beneficiary.
100% of life insurance
proceeds for third-party
beneficiary are exempt
from claims of creditors
of insured.
100% of life insurance
proceeds are exempt from
claims of creditors of
insured except if the
beneficiary is the insured,
the person effecting the
insurance, or the executor
or administrator of the
insured's estate.
100% of proceeds of life
insurance policy are
exempt from claims of
creditors of insured
Up to $500 per month of
all benefits, rights,
privileges, powers and
options under an annuity
contract are exempt.
N.J. Stat. Ann. §§
17B:24-6; 17B24-7
Same. N.M. Stat. Ann. §§ 42-10-
3; 42-10-5
A court may order the N.Y. Ins. Law § 3212
annuitant to pay part of
the benefits, rights,
privileges and options
based upon the reasonable
requirements of the
debtor and the debtor's
family.
None. N.C. Gen. Stat. § 58-58-
115
Up to $100,000 per policy
and $200,000 in the
aggregate of proceeds
(unless more is
reasonably necessary for
the support of a resident
of the state and the
resident's dependents) are
exempt.
N.D. Cent. Code § 28-22-
02(9); 28-22-03.1
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