Life Insurance

Life insurance proceeds or benefits payable to the debtor if the debtor is the beneficiary of any policy payable upon the death of a spouse or child of the debtor are exempt; this policy must have been in effect for a continuous, unexpired, period of one year.  To view this statute, please click here.

Life insurance proceeds or benefits payable to the beneficiaries, spouse or dependent, of the debtor are exempt; this policy must have been in effect for a continuous, unexpired, period of one year.  To view this statue, please click here.

“Proceeds and avails of any unmatured life insurance contracts owned by the debtor” are exempt.  To view this statute, please click here.

IRA

“[A]ny money or other assets held for or payable to the individual as a participant or beneficiary from or an interest of the individual as a participant or beneficiary in a retirement plan or arrangement.”  N.C. Statute §78-23-5(1)(xiv).  To view this statute, please click here.

Miscellaneous

Disability benefits received by the debtor’s dependents are exempt.  To view this statute, please click here.