Is Life Insurance Cash Value Protected From Creditors In Illinois?

  1. 63333 POINTS
    Peggy Mace
    Most of the U.S.
    Yes, 100% of life insurance cash value is protected from creditors in Illinois if the beneficiary of the policy is the spouse, child, or dependent parent, or other dependent of the policyholder. This is true even if the contingent beneficiary of the policy is the estate of the Insured.
    Answered on April 10, 2014
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