|The 26th Alaska State Legislature, 2009 - 2010|
Exemptions: Life Insurance; Annuities
“Increasing the value of life insurance and annuity contracts that is exempt from levy to satisfy a debt.”
Posted: March 23, 2009 : v26-LS0176/C
This bill will provide people with better security and planning for their families after they have passed on. This bill exempts the full value of life insurance and annuity contracts from levy or garnishment to satisfy a debt. The bill also includes an applicability section which states that it will apply only to a debt that is created on or after the effective date of the bill.
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