Missouri Revised Statutes

Mo. Rev. Stat. § 377.330 (2026)

Proceeds not liable for debts

✓ current as of May 2026
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  377.330.  Proceeds not liable for debts. — The money or other benefit, charity, relief or aid to be paid, provided or rendered by any corporation authorized to do business under sections 377.200 to 377.460, shall not be liable to attachment or other process, and shall not be seized, taken, appropriated or applied by any legal or equitable process, nor by operation of law, to pay any debt or liability of a policy or certificate holder, or of any beneficiary named in a policy or certificate.

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(RSMo 1939 § 5883)

Prior revisions: 1929 § 5772; 1919 § 6182; 1909 § 6976

(1955) Where endowment life insurance contract at time of its assignment to insured's wife had cash surrender value exceeding income taxes due and where only two premiums remained to be paid, and where such premiums were later paid and policy matured, the proceeds thereof were subject to be seized for the enforcement of income tax liens. Reinicke v. Commr. of Internal Revenue, 220 F.2d 406.

Notes of Decisions
Cited in 4 cases, 1988–2012 · leading case: In Re Martin, 224 B.R. 749 (Bankr. E.D. Mo. 1998).
In Re Martin, 224 B.R. 749 (Bankr. E.D. Mo. 1998). · cites it 46× “Upon the Court’s request, the parties submitted letter briefs to the Court addressing the application of Missouri Revised Statues, section 377.330 to the life insurance policies which Debtor claimed as exempt.”
Bryan v. Stanton (In Re Bryan), 466 B.R. 460 (8th Cir. BAP 2012). “Mo.Rev.Stat. § 377.330. It applies to money and benefits from a “stipulated premium” life insurance company.”
In Re Pettigrew, 115 B.R. 214 (Bankr. E.D. Mo. 1990). · cites it 2× “cannot be allowed because the Missouri Legislature repealed and did not replace this Section prior to the commencement of this case pursuant to L.”
In Re Williams, 82 B.R. 518 (Bankr. W.D. Mo. 1988). · cites it 2× “” Section 377.330 VAMS provides as follows: “The money or other benefit, charity, relief or aid to be paid, provided or rendered by any corporation authorized to do business under sections 377.”
— Mo. Rev. Stat. § 377.330(7) — 1 case
In Re Martin, 224 B.R. 749 (Bankr. E.D. Mo. 1998). “Upon the Court’s request, the parties submitted letter briefs to the Court addressing the application of Missouri Revised Statues, section 377.330 to the life insurance policies which Debtor claimed as exempt.”
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