The net amount payable to any insured or to any beneficiary under any policy of accident or disability insurance or under accident or disability clauses attached to any policy of life insurance shall be exempt and free and clear from the claims of all creditors of such insured or such beneficiary and from all legal and judicial processes of execution, attachment, garnishment, or otherwise, up to a total amount of $1,000,000 per claim and subsequent award.
Notes of Decisions
Marriage of Moritz v. Moritz, 368 N.W.2d 337 (Minn. Ct. App. 1985).
· cites it 7× “The company refused to withhold those payments, taking the position that Minn.Stat. § 550.39 (1982) exempts disability income from court-ordered withholding.”
In Re Reiland, 377 B.R. 232 (Bankr. D. Minn. 2007).
· cites it 14× “She cited Minn.Stat. § 550.39 as her authority. That statute provides: The net amount payable to any insured or to any beneficiary under any policy of accident or disability insurance or under accident or disability clauses attached to any policy of life insurance shall be…”
In Re Reiland, 382 B.R. 779 (Bankr. D. Minn. 2008).
· cites it 7× “In her Schedule C she claimed this asset as exempt under Minn. Stat. § 550.39 . While it is not self-evident from the wording of the schedules, this asset consists of an ongoing right to receive periodic payments under a policy of disability insurance under which the Debt- or is…”
In Re Est. of Abesy, 470 N.W.2d 713 (Minn. Ct. App. 1991).
· cites it 2× “See Minn.Stat. § 550.39 (1990), (exempts insurance proceeds from all “judicial processes of execution, attachment, garnishment, or otherwise”); Minn.”
In Re Reiland, 382 B.R. 770 (Bankr. D. Minn. 2008).
· cites it 20× “For this case, the Debtor claimed those rights as exempt under Minn.Stat. § 550.39. The Trustee objected to that claim of exemption, on the argument that this statute violated Article I, Sec.”
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