CODE OF VIRGINIA

EXEMPTION OF GROUP LIFE INSURANCE POLICIES FROM LEGAL PROCESS (§ 38.2-3339)

No group life insurance policy, nor its proceeds, shall be liable to attachment,
garnishment, or other process, or to be seized, taken, appropriated, or applied
by any legal or equitable process or operation of law, to pay any debt or
liability of any person insured under the policy, or his beneficiary, or any
other person who has a right under the policy, either before or after payment.
If the proceeds of a group life insurance policy are not made payable to a named
beneficiary, the proceeds shall not constitute a part of the insured
person’s estate for the payment of his debts.

HISTORY: Code 1950, § 38-432; 1952, c. 317, § 38.1-482; 1986, c. 562.