Wyo. Stat. § 26-15-131 (2026)

(a) A policy of group life insurance or group disability
insurance or the proceeds thereof, including death benefits,
cash surrender and loan values, premiums waived and dividends,
whether used in reduction of premiums or otherwise, excepting
only where the debtor, subsequent to issuance of the policy, has
actually elected to receive the dividends in cash, payable to
the individual insured or to the named beneficiary are not
liable to be applied by any legal or equitable process to pay
any debt or liability of the insured individual or his
beneficiary or of any other person having a right under the
policy. The proceeds, when not made payable to a named
beneficiary, or to a third person pursuant to a facility-of-
payment clause, do not constitute a part of the insured
individual's estate for the payment of his debts.

     (b) This section does not apply to group insurance issued
pursuant to this code to a creditor covering his debtors, to the
extent that the proceeds are applied to payment of the
obligation for the purpose of which the insurance is issued.