Life Insurance
Proceeds from a policy of life insurance are exempt if for the benefit of someone other than the insured. To see this statute, click here. Group life insurance policies and the proceeds payable from such policy are exempt. To see this statute, click here. Annuity
Benefits, rights, privileges, and options under an annuity policy are exempt except, the total exempted benefits shall not exceed $500 per month. To see this statute, click here. IRA
ERISA qualified benefits are exempt. To see this statute, click here.
Miscellaneous
Proceeds and avails of health insurance policies providing benefits on account of insured’s disability are exempt. To see this statute, click here. |