R.I. Gen. Laws
Rhode Island General Laws

R.I. Gen. Laws § 27-4-12 (2026)

Provision for exemption from encumbrance, transfer, or claims of creditors

✓ current as of July 2026
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Any policy of life or endowment insurance or any annuity contract may provide that the proceeds of or payments under it shall not be subject to transfer, anticipation, or commutation or encumbrance by any beneficiary other than the insured or the purchaser of the annuity, and shall not be subject to the claims of a creditor of any beneficiary or any legal process against the beneficiary.

Notes of Decisions
Cited in 2 cases, 2015–2019 · leading case: In re Soori-Arachi, 600 B.R. 153 (Bankr. D.R.I. 2019).
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In re Soori-Arachi, 600 B.R. 153 (Bankr. D.R.I. 2019). · cites it 32× “Exemption Under RIGL § 27-4-12 The Trustee's final argument is that RIGL § 27-4-12 does not protect the Annuity proceeds and surrender value from the claims of Mr.”
W. Reserve Life Assurance Co. of Ohio v. ADM Assocs., LLC, 116 A.3d 794 (R.I. 2015). · cites it 2× “chapter 4 that mention annuities, the language expressly includes annuities within each of the sections by the use of phrases such as “life insurance and/or annuities” and “all life insurance policy forms and annuity contract forms” in § 27-4-24, “life insurance contract or…”
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