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Podcast: The Money Advantage Podcast
Episode: Is Life Insurance Protected from Creditors? Creditor Protection of Life Insurance
Description: Want to shelter your assets from the prying eyes of the IRS, claims of creditors, or the public? Can creditors take life insurance proceeds after death? In many cases, the answer depends on how your policy is structured.
https://youtu.be/yu7D09hTe3M
Cash surrender value and life insurance proceeds are exempt from creditors in most states. In this episode, we’re talking about the privacy and creditor protection of life insurance.
So, if you want to know how to protect your wealth from future risk of creditors taking life insurance proceeds through litigation, civil suits, bankruptcy, or ev...