I have a Group Universal Life policy. Is it exempt from the portion of the federal code (522 (d) (8) ) that says..
"The debtor's aggregate interest, not to exceed in value $9,850......in any accrued dividend or interest under, or loan value of, any unmatured life insurance contract owned by the debtor..."
The cash accumulation value is about $3k. Will this part of the code cover this or do i need to find another place????
"The debtor's aggregate interest, not to exceed in value $9,850......in any accrued dividend or interest under, or loan value of, any unmatured life insurance contract owned by the debtor..."
The cash accumulation value is about $3k. Will this part of the code cover this or do i need to find another place????
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