Re: life insurance policy

Posted by Why Chat (209.240.222.130) on March 21, 2002 at 21:55:46:

In Reply to: life insurance policy posted by Robert on March 21, 2002 at 18:18:06:

I have found no reference anywhere about judgment liens enforceable against life insurance cash value. In fact,the only case law I could locate is a Federal action to recoup the cash value of a man's life insurance out of the proceeds to his widow.Obviously if the Feds couldn't grab the $$ for a tax lien,some ca is surely not going to be able to. By the way, is the ca an Oregon ca? Oregon has some of the strictist ca registration rules around.If you decide to declrebk-and you are still paying premiums on your life insurance,you can borrow the excess(over $8,000.) out and prepay or buy more insurance with it.

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