Is Life Insurance Exempt From Creditors In South Carolina?

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    Peggy Mace
    Most of the U.S.
    Life insurance that is left to a person as beneficiary is usually exempt from creditors in South Carolina. If the beneficiary has co-signed for an unpaid debt at the time the Insured dies, then the creditors may be able to go after the insurance proceeds. And if the beneficiary is the Insured's estate, creditors will try to collect their due from the insurance proceeds in the estate. But a person who receives a life insurance death benefit is not liable for the debts of the Insured.
    Answered on August 20, 2013
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