79072338.2-3121Virginia Decodedhttps://vacode.org2016InsuranceLife InsuranceProceeds Of Certain PoliciesSegregation of proceeds not requiredCode 1950, § 38-118; 1952, c. 317, § 38.1-447; 1986, c. 562.http://law.lis.virginia.gov/vacode/38.2-3121/38.2-3118Spendthrift trusts created under life insurance policies/38.2-3118//38.2-3121/38.2/31/2/38.2-3121No insurer holding the proceeds of any policy mentioned in § 38.2-3118 shall be required to segregate the proceeds but may hold them as a part of its general corporate funds.section1