Are Life Insurance Proceeds Protected From Creditors In New Jersey?

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    Peggy Mace
    Most of the U.S.
    Life insurance proceeds are usually protected from creditors in New Jersey and every state, as long as the beneficiary is a live person. If the beneficiary is the estate by choice or by default, because the beneficiaries listed on the policy are deceased, then the creditors can attempt to collect on the life insurance proceeds during probate.
    Answered on September 5, 2013
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