Asset Protection Society

Home Maine Life Insurance, Annuity, and IRA Exemptions
Life Insurance

 

Proceeds and avails of contracts for life, endowment, annuity, or accident insurance are exempt.  To see this statute, click here.

Policies and proceeds of group life and health insurance are exempt.  To see this statute, click here.

Unmatured life insurance contracts are exempt.  To see this statute, click here.

 

Annuity

 

Benefits, rights, privileges, and options under an annuity contract are exempt.  This exemption is limited, to benefits paid or payable shall not exceed $450 per month.  To see this statute, click here.

 

Proceeds and avails of contracts for life, endowment, annuity, or accident insurance are exempt.  To see this statute, click here.

 

IRA

 

ERISA qualified plans are exempt.  To see this statute, click here.

 

Miscellaneous

Proceeds and avails of contracts of health insurance are exempt.  To see this statute, click here.