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

Insurance

Are you looking for the correct answer to the question “Proceeds from a life insurance policy are protected from the beneficiary’s creditors by which clause?”? If that’s the case, you don’t have to worry anymore. AzAnswer team is here with the right answer to your question. Please check below to know the answer.

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

Options

protection clause
creditor clause
spendthrift trust clause
beneficiary trust clause

Answer: spendthrift trust clause

The above question Proceeds from a life insurance policy are protected from the beneficiary’s creditors by which clause?, Was part of Insurance MCQs & Answers. I hope you got the correct answer to your question. Have a great time ahead.