Life insurance, annuities, speical trusts

California Insurance Exemptions - Life, Disability, Survivors Benefits

Most states have exemptions for life insurance but it's important to figure out what part of the insurance is exempt. Also disability and survivors benefits are often exempt
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Does California Recognize Tenancy by the Entirety?
 
California Pension and Retirement Exemptions
Will I Lose My Retirement Savings If I File For Bankruptcy?

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Last Reviewed: Tue, Mar 9, 2021

Insurance Exemptions — State System

California State Law Insurance Exemptions

California Exemption System 1

California Exemption System 2

Federal Non-Bankruptcy Insurance Exemptions
(available if using State System of exemptions)

Federal System § 522(d) — Insurance Exemptions 

Can California debtors use the Federal Bankruptcy exemptions instead of California exemptions?

No. Federal exemptions not available. Instead, California has two systems of exemptions, one of which closely mirrors the federal scheme. Cal. Civ. Proc. Code § 703.130 

The Federal Bankruptcy Exemptions under 11 U.S.C. § 522(d) are available to you if

  • you haven't lived in any state longer than 180 days for a while,
  • or
  • if your state allows the Federal exemptions as a choice.

 

Jurisdictional relevance: There are versions of this article for each State.
Selected State: California
Does California Recognize Tenancy by the Entirety?
 
California Pension and Retirement Exemptions
Will I Lose My Retirement Savings If I File For Bankruptcy?
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