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Home Delaware Life Insurance, Annuity, and IRA Exemptions

Life Insurance

Proceeds and avails of life insurance polices secured by the insured for the benefit or his/her beneficiaries and assigns are exempt.  To see this statute, please click here.

Annuity

Any benefits, rights, privileges, and options under an annuity contract are exempt.  This exemption is limited to $350 per month; any payments exceeding $350 per month will be subject to garnishee execution.  To see this statute, please click here.

IRAs

§4915 of Title 10: Courts and Procedure states, … assets held or amounts payable under any retirement plan are exempt from execution or attachment process.  To see this statute, please click here.

Miscellaneous

Health Insurance

Proceeds and avails of all health insurance contracts providing disability benefits are exempt from liability for any debt of the insured or beneficiary existing at the time the proceeds are made available.  To see this statute, please click here.

Group Insurance

Policies or proceeds of group life and/or health insurance are exempt from liability from the debts of any person having a right under the policy.  To see this statute, please click here.