Legal Question in Credit and Debt Law in Pennsylvania
Can money in a whole life insurance policy be garnished ?
If a credit card company wins a judgement, can they garnish money in a whole life insurance policy.
Asked on 10/31/07, 12:03 am
1 Answer from Attorneys
John Gibson
John W. Gibson, Esquire
Re: Can money in a whole life insurance policy be garnished ?
I believe that the cash value of the life insurance policy is not exempt from execution unless it is being paid out as an annuity.
Answered on 11/04/07, 3:17 pm