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27 May, 10:57

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

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  1. 27 May, 14:24
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    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.
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