Asset Protection Society

Home LA – LI, Annuity, and IRA Exemption
 
 
 
Louisiana Life Insurance, Annuity, and IRA Exemptions

Life Insurance

 

Proceeds and avails of policies of life insurance are exempt.  These are also exempt from creditors of any beneficiary, assignee, or the estate receiving the proceeds and avails.  To see this statute, click here.

In bankruptcy proceedings cash surrender and loan values exceeding $35,000 are not exempt if policy or contract was issued within nine months of filing.  To see this statute, click here.

Annuity

 

In bankruptcy proceedings cash surrender and loan values exceeding $35,000 are not exempt if policy or annuity contract was issued within nine months of filing.  To see this statute, click here.

IRA

 

ERISA qualified benefits, including IRAs and Roth IRAs, are exempt.  To see this statute, click here.

Miscellaneous

 

Proceeds of any gubernatorially declared disaster are exempt to the extent the asset damaged was exempt.  To see this statute, click here.