Legal Question in Bankruptcy in Indiana

Collecting on life insurance policy while in bankruptcy

Can one spouse collect life insurance on the other spouse if they die during the bankruptcy period?


Asked on 9/12/02, 7:14 am

1 Answer from Attorneys
John Bator Bator Redman & Shive

Re: Collecting on life insurance policy while in bankruptcy

Generally yes-Life insurance proceeds are exempt under Indiana law as long as you keep them segregated-so if you receive them deposit them in a separate account and dont co-mingle them with other funds. Consult an attorney as soon as possible. So sorry for your loss

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Answered on 9/12/02, 11:40 am


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