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Creditor Rights in Life Insurance
Under state law, protection provided to beneficiaries of Life insurance policies that prevent Life insurance benefits from being seized by an insured's or beneficiary's creditors. The law dates back to the early days of the U.S. and Homestead laws, which ruled that a widow and her children should not be made accountable for the financial woes of the late father.
Insurance Industry News from ProgramBusiness.com
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