An insured's interest in a life insurance policy is not generally an asset that can be subject to the rights of a judgment creditor.

Question

Quizplus · Accepted Answer

An insured's interest in a life insurance policy can be considered an asset and may be subject to the rights of a judgment creditor, depending on the jurisdiction and specific circumstances such as the policy's cash value and beneficiary designations.

An Insured's Interest in a Life Insurance Policy Is Not