Virginia Life Insurance and Annuity Contracts Free of Certain Claims

by Fahmy & Assoc. | August 8th, 2016

Effective July 1, 2016, Virginia has made life insurance and non-qualified annuities exempt from creditors’ claims. Virginia Code: 38.2-3122.

http://law.lis.virginia.gov/vacode/title38.2/chapter31/section38.2-3122/

This exemption applies not only to the policy proceeds but as well as any cash surrender values.

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