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Can life insurance proceeds be taken by creditors?

Benjamin Adams | 2023-06-01 09:34:43 | page views：1537
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Lucas Martin

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The proceeds of a life insurance policy cannot be diverted away from the named beneficiaries to pay for the debts of the deceased person, but if the beneficiary has outstanding debts, creditors can and will attempt to take some or all of the pay out, depending on the amount of the debt.Jun 4, 2012
2023-06-09 09:34:43
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Julian Turner

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The proceeds of a life insurance policy cannot be diverted away from the named beneficiaries to pay for the debts of the deceased person, but if the beneficiary has outstanding debts, creditors can and will attempt to take some or all of the pay out, depending on the amount of the debt.Jun 4, 2012
Are creditors able to take away proceeds from a life insurance policy?
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