Is Life Insurance Protected From Creditors?

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   Ted Ratliff

   Owner, SFS Associates,

   In most cases yes, a creditor cannot touch your Life insurance policy or the cash value in your policy.  As long as their is a named beneficiary a Life Insurance policy will avoid probate so again, the creditor will not be able to touch the money.  If the proceeds are left to the estate however, probate gets involved so the creditors may have a claim after final expenses are paid.

   Answered on June 21, 2013

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