South Carolina Life Insurance, Annuity, and IRA Exemptions
Life Insurance Proceeds and cash surrender values of life insurance policies, if used for support of spouse, children, and dependents of the insured. To see this statute, please click here. Unmatured life insurance policy proceeds are exempt. However, there is a $4,000 limit on any accrued dividend, interest, or loan value of any unmatured life insurance contract owned by the debtor under which the insured is the debtor or a individual under which the insured is a dependent. To see this statute, please click here. Group life insurance policy proceeds are exempt. To see this statute, please click here.
Annuity
Proceeds from annuity contracts are exempt. To see this statute, please click here.
IRA
ERISA qualified benefits, including IRAs, are exempt. To see this statute, please click here.
Miscellaneous
Proceeds from accident and disability contracts are exempt. To see this statute, please click here. |