A Creditor Generally Can Reach Insurance Proceeds Payable Under a Life

question 39

True/False

A creditor generally can reach insurance proceeds payable under a life insurance policy if the payment of the premiums constituted a fraud on the creditor.

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Definitions:

Wealthier

Having a greater amount of money, resources, or assets.

Degenerative Disorder

A medical condition characterized by the progressive deterioration of function or structure of affected tissues or organs.

Alzheimer's

A progressive neurodegenerative disorder characterized by memory loss, cognitive impairment, and behavioral changes, ultimately affecting the ability to perform daily activities.

Progressive

A political and social philosophy that promotes the idea of advancement and reform in areas such as social justice, equity, and the need to address issues caused by traditional societal structures.