Creditor Protection for Life Insurance and Annuities

Ohio
Oklahoma
Oregon
Pennsylvania
Rhode Island
South Carolina
South Dakota
100% of proceeds of life
insurance policy for
beneficiary who is
spouse, child, or
dependent of inured are
exempt from claims of
creditors of insured
100% of money or
benefits of any kind
including proceeds and
cash value is exempt.
100% of proceeds and
cash surrender value of
life insurance policy,
except when beneficiary
is estate of insured, are
exempt.
100% of life insurance
proceeds payable to
spouse, children, or
dependent relative of
insured is exempt; up to
$100/month of income or
return on proceeds is
exempt.
100% of proceeds of life
insurance are exempt
except if beneficiary is
the insured or the person
effecting the policy or the
executors or
administrators of either.
100% of life insurance
proceeds payable to a
dependent of the insured,
to the extent reasonably
necessary for the support
of the dependent.
Up to $20,000 of life
insurance proceeds is
exempt for insured, the
insured's children, and the
insured's spouse from
creditors of the insured,
the insured's children, and
the insured's spouse.
Same, substituting
“annuitant” for “insured”.
Ohio Rev. Code Ann. §
3911.10
Same. Okla. Stat. tit. 36 §
3631.1(A)
Up to $500 per month of
any benefits, rights,
privileges and options
under an annuity contract
are exempt.
Or. Rev. Stat. §§ 743.046;
743.049
Same. 42 Pa. Cons. Stat. §
8124(c)
100% of interest in
annuity protected by
ERISA.
100% of proceeds to the
extent reasonable
necessary for the support
of the dependent.
Up to $250 per month of
annuity proceeds is
exempt for a South
Dakota resident.
R.I. Gen. Laws §§ 9-26-
4(12)(i), 27-4-11
S.C. Code Ann. § 38-63-
40; 15-41-30(A)(12)
S.D. Codified Laws §§
58-12-4; 58-12-6; 58-12-8
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