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	<title>New answer on: What Is The Spendthrift Clause In Life Insurance?</title>

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		<title>By: David Pipes</title>

		<link>https://www.insurancelibrary.com/life-insurance/what-is-the-spendthrift-clause-in-life-insurance</link>

		<dc:creator>David Pipes</dc:creator>

		<pubDate>Fri, 13 Jun 2014 15:17:37 +0000</pubDate>

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		<description><![CDATA[A spendthrift clause is occasionally used in a trust.  It limits the ability of the beneficiary of a trust to promise all or part of the trust to a third party prior to the death of the person forming the trust.  This is done to stop a young beneficiary from foolhardy investments based upon future funding of a trust from his doting aunt in Maine.  The trustee is instructed to give money to the beneficiary and to deny all claims by third party interests. ]]></description>

		

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		<title>By: Peggy Mace</title>

		<link>https://www.insurancelibrary.com/life-insurance/what-is-the-spendthrift-clause-in-life-insurance</link>

		<dc:creator>Peggy Mace</dc:creator>

		<pubDate>Tue, 30 Jul 2013 13:25:11 +0000</pubDate>

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		<description><![CDATA[The word, &quot;spendthrift&quot; means someone who spends money in an extravagant, irresponsible way. The spendthrift clause in life insurance protects the irresponsible beneficiary from having creditors pounce on their life insurance proceeds the minute they are received. This might be done by the life insurance company paying that beneficiary in installments.]]></description>

		

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		<title>By: Christopher Lawrence</title>

		<link>https://www.insurancelibrary.com/life-insurance/what-is-the-spendthrift-clause-in-life-insurance</link>

		<dc:creator>Christopher Lawrence</dc:creator>

		<pubDate>Tue, 30 Jul 2013 12:29:25 +0000</pubDate>

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		<description><![CDATA[Spendthrift Clause is a clause in most Life Insurance policies which prevents the creditors of a beneficiary from claiming any of the benefits payable to him before he actually receives the money. The purpose of this clause is to keep those to whom he is in debt from taking legal action to require the insurer to pay the proceeds directly to them.
 ]]></description>

		

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		<title>By: Peggy Mace</title>

		<link>https://www.insurancelibrary.com/life-insurance/what-is-the-spendthrift-clause-in-life-insurance</link>

		<dc:creator>Peggy Mace</dc:creator>

		<pubDate>Wed, 01 May 2013 15:14:42 +0000</pubDate>

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		<description><![CDATA[The spendthrift clause in life insurance prevents creditors from taking the proceeds of a life insurance policy from the beneficiary without the funds ever going to the beneficiary. The spendthrift clause allows the carrier to give the death benefit directly to the beneficiary, although they might choose to do it in payments.]]></description>

		

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