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Cash Value of Insurance Policy was Exempt where Beneficiaries were Debtor’s Non-Dependent Adult Children

As reported by Robin Miller of CBAR, an Indiana Insurance policy was exempt where beneficiaries were debtor’s non-dependent adult children. Under Indiana law insurance upon the life of any person, as well as the proceeds or avails of such insurance, including cash surrender value, “which name[s] as beneficiary … the spouse, children, or any relative…

As reported by Robin Miller of CBAR, an Insurance policy was exempt where beneficiaries were debtor’s non-dependent adult children, to wit: Under Indiana law which provides that insurance upon the life of any person, as well as the proceeds or avails of such insurance to include cash surrender value), “which name[s] as beneficiary … the…

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