We should be careful to define terminology. Life insurance proceeds, meaning death benefit would always be creditor protected as life insurance bypasses the estate and is paid directly to the beneficiary. So if the deceased has creditors, they cannot lay claim to life insurance proceeds. Unless that creditor is the Federal Government for Estate Tax Purposes. Life insurance is included in the estate for estate tax purposes.
If the beneficiary has creditors and receives the life insurance proceeds, those proceeds would be subject to creditor claims.
If life insurance proceeds in Georgia are left to a person as beneficiary, creditors cannot take the money away from the beneficiary to pay the debts of the insured, (unless the beneficiary was co-signer to that debt). If the life insurance proceeds are left to the estate, then creditors in Georgia can access those benefits to pay off the debt owed them by the deceased.
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If the beneficiary has creditors and receives the life insurance proceeds, those proceeds would be subject to creditor claims.