Ask Question
BusinessBusiness
27 May, 10:57

Proceeds from a life insurance policy are protected from the beneficiary's creditors by which clause?

+5
Answers (1)
  1. 27 May, 14:24
    0
    Proceeds from a life insurance policy are protected from the beneficiary's creditors by spendthrift trust clause

    spendthrift trust clause is created to protect a minor's insurance fund from the debt of his/her parents, in case that the parents died before finishing a certain amount of debts.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Proceeds from a life insurance policy are protected from the beneficiary's creditors by which clause? ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
What measures can be taken to promote or improve E-commerce practices?
Answers (1)
Colossal Beverages Company sells two products, A and B. Mist predicts that it will sell 3 comma 000 units of A and 1 comma 500 units of B during the next period. The unit contribution margins are $ 4.00 and $ 4.80 for products A and B, respectively.
Answers (1)
Based on the information below, what is the firm's optimal capital structure? a. Debt = 40%; Equity = 60%; EPS = $2.95; Stock price = $26.50. b. Debt = 50%; Equity = 50%; EPS = $3.05; Stock price = $28.90. c. Debt = 60%; Equity = 40%; EPS = $3.
Answers (1)
Suppose Joe is maximizing total utility within his budget constraint. If the price of the last pair of jeans purchased is $25 and it yields 100 units of extra satisfaction and the price of the last shirt purchased is $20, then, using the rule of
Answers (1)
What is the screening effect? A. the theory that the completion of college indicates to employers that a job applicant is intelligent and hardworking B. all nonmilitary people who are employed or unemployed C.
Answers (1)
New Questions in Business
Paper Clip Company sells office supplies. The following information summarizes the company's operating activities for the year: Utilities for the store $ 10 comma 300 Sales commissions 10 comma 300 Sales revenue 164 comma 100 Purchases of
Answers (1)
If joe were to introduce himself as dr. early to sell to gensol, knowing that people would assume that he was a medical doctor, but never tell anyone that he was, would contracts entered into be considered to be fraudulent?
Answers (1)
Which of the following are reasons the aggregate demand curve is downward sloping? Check all that apply. 1) A higher price level decreases the real value of consumers' assets.
Answers (1)
If Gerry makes a deposit of $1,500 at the end of each quarter for five years, how much will he have at the end of the five years assuming a 12% annual return and quarterly compounding?
Answers (1)
Explain how globalization influence management
Answers (1)
Home » Business » Proceeds from a life insurance policy are protected from the beneficiary's creditors by which clause?
Sign Up Forgot Password?