Wash. Rev. Code » Title 48 · Chapter 48.18

Wash. Rev. Code § 48.18.420

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(1) A policy of group life insurance or the proceeds thereof payable to the individual insured or to the beneficiary thereunder, shall not be liable, either before or after payment, to be applied to any legal or equitable process to pay any liability of any person having a right under the policy. The proceeds thereof, when not made payable to a named beneficiary or to a third person pursuant to a facility-of-payment clause, shall not constitute a part of the estate of the individual insured for the payment of his or her debts.
(2) This section shall not apply to group life insurance policies issued under RCW 48.24.040 (debtor groups) to the extent that such proceeds are applied to payment of the obligation for the purpose of which the insurance was so issued.
[ 2009 c 549 s 7075; 1947 c 79 s .18.42; Rem. Supp. 1947 s 45.18.42.]
Notes of Decisions
Cited in 3 cases, 1986–2006 · leading case: Aetna Life Insurance v. Bunt
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Aetna Life Insurance v. Bunt (1988) wash · cites it 3× “410 and RCW 48.18.420 to the effect that the designated beneficiary of a life insurance policy has a statutory right to the entire proceeds free from the claims of creditors.”
Porter v. Porter (1986) wash “Regardless of whether the estate, the insured, or a named beneficiary is designated by decedent, the proceeds may be placed beyond the reach of *54 creditors by RCW 48.18.420. That section provides generally that term insurance proceeds are exempt from debts of the insured and…”
In Re Fahey (2006) cob “2-3339; Wash. Rev.Code § 48.18.420; W.Va.Code Ann.”
— Wash. Rev. Code § 48.18.420(1) — 1 case
Aetna Life Insurance v. Bunt (1988) wash “410 and RCW 48.18.420 to the effect that the designated beneficiary of a life insurance policy has a statutory right to the entire proceeds free from the claims of creditors.”
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