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Home Alaska Life Insurance, Annuities, and IRA Exemptions

Life Insurance

 

Unmatured life insurance contracts are exempt up to $500,000.  To see this statute, click here.

Life insurance proceeds are treated as earnings, income, cash, or other liquid assets and are exempt to certain amounts.  The exemptions for earnings and liquid assets are:

(1)  $473 per week for net earnings, and

(2) $1,890 for cash and other liquid assets with a $1890 maximum monthly exemption.

Notwithstanding the increased exemption amounts provided for weekly disposable earnings and cash and other liquid assets, the exemption for weekly disposable earnings  is $743; and (2) maximum monthly exemption for cash and other liquid assets is $2,970.

To see this statute, click here.

Annuity

 

Dividends and loan values for annuity contracts are exempt up to $500,000.  To see this statute, click here.

IRA

 

ERISA qualified and individual retirement accounts are exempt. To see this statute, click here.