Life insurance or annuity contracts issued by a domestic, foreign or alien insurer are not subject to the claims of creditors of any beneficiary other than the insured so long as there is a clause in the contract that states so.

To read the MI Statute, please click here.

If you have further questions about protecting life insurance in the state of MI, please post your question on the APS™ message board by clicking here.

The Asset Protection Society makes every attempt to keep the material on its web-pages up to date and accurate. Having said that, The APS does not warrant the material on this site and you should ALWAYS seek out the advice of a local advisor your state who can give you individual advice for your particular situation and confirm the status of your state laws.