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Pennsylvania Life Insurance, Annuity, and IRA Exemptions

Life Insurance

Proceeds from a life policy are exempt if the policy or supplemental agreement provides that the proceeds and income from the policy are not assignable.  To see this statute, please click here.

If the policy was created to benefit a spouse, child, or dependent relative of the insured the proceeds are exempt unless the judgment creditor is that spouse, child, or dependent relative of the insured.  To see this statute, please click here.

Group life insurance policies are exempt.  To see this statute, please click here.

Annuities

Annuities are exempt if the solvent insured is the beneficiary; this exemption may not exceed $100 per month.  To see this statute, please click here.

IRAs

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

Miscellaneous

Public School Employees, State Employees, and other Pensions, including self-employed funds (for payments made while solvent), are exempt.  To see this statute, please click here.