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Home Indiana Life Insurance, Annuity, and IRA Exemptions

Life Insurance and Annuitites

Life insurance and life annuity contracts are exempt unless there is a provision stating otherwise.  (IC 27-2-5-1)  To see this statute, please click here.

Policy proceeds and avails are exempt to the extent they are directed to benefit the insured’s, spouse, children, or other relative dependent.  To see this statute, please click here.

IRA

ERISA qualified plans are exempt.  (IC 34-55-10-2(g))  To see this statute, please click here.

Miscellaneous

Money in Medicare savings accounts established under IC 6-8-11.  (IC 34-10-55-2(7))  To see this statute, please click here.