Are Life Insurance Proceeds Protected From Creditors In Indiana?

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    Peggy Mace
    Most of the U.S.
    When a beneficiary in Indiana collects the death benefit from a life insurance policy upon the death of the insured person, the life insurance proceeds are protected from creditors in Indiana.  Creditors could go after the life insurance proceeds if the beneficiary was a co-signer to the debts of the Insured. They could also collect on the life insurance money if the beneficiary was left to the estate.
    Answered on August 16, 2013
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