North Carolina 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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Insurance Exemptions — State System

North Carolina State Law Insurance Exemptions

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

Federal System § 522(d) — Insurance Exemptions 

Can North Carolina debtors use the Federal Bankruptcy exemptions instead of North Carolina exemptions?

No. N.C. Gen. Stat. § 1C-1601(f).

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.


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Jurisdictional relevance: ST

There are versions of this article for each State.