Creditor Protection for Life Insurance and Annuities

Tennessee
Texas
Utah
Vermont
Virginia
Washington
100% of life insurance
proceeds are exempt for
the spouse, children, and
dependent relatives of the
insured.
100% of all money or
benefits, including cash
value and policy proceeds
are exempt from claims of
liability of the insured or
any beneficiary.
All “proceeds and avails”
of any unmatured life
insurance contract owned
by debtor, excluding
payments made on
contract during one year
immediately preceding
creditor’s levy; 100% of
life insurance proceeds or
benefits for spouse or
dependent of insured are
exempt as long as
contract was owned by
debtor for more than one
year
100% of life insurance
proceeds are exempt from
claims of creditors of
insured so long as
beneficiary is not insured
or executors or
administrators of insured.
100% of life insurance
proceeds are exempt from
claims of creditors of
insured so long as policy
is in favor of someone
other than insured.
100% of life insurance
proceeds are exempt from
claims of creditors of
insured and of beneficiary
so long as beneficiary is
not insured.
Same. Tenn. Code Ann. §§ 26-2-
110, 56-7-203
Same. Tex. Ins. Code §
1108.051; 1108.053
100% of assets held,
payments, and amounts
payable under an annuity
are exempt.
Up to $350 per month of
any benefits, rights,
privileges, and options
under an annuity contract
are exempt.
Utah Code Ann. §§ 78B-
5-505, 78B-5-506
Vt. Stat. Ann. tit. 12 §
2740(18), (19)(J); tit. 8
§§ 3706,3709
None. Va. Code Ann. § 38.2-
3122
Up to $3,000 per month
of any benefit, right,
privilege, and option of
an annuity is exempt.
Wash. Rev. Code §§
48.18.410, 48.18.430
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