Chapter 13 Asset Protection for Life Insurance

[strive8]

I had a Whole life insurance policy that I've been paying on for about 7 years and just recently converted it to a UVL policy. It has about 9k in it, but there is a penalty to withdraw it for the first 10 years of the policy so if I try to liquidate it there be be $0 cash value. Is a UVL policy protected in a situation like this?

[StartingOver08]

Depends upon your state's exemptions. Check here to see if the cash value of your life insurance policy is exempt (most are): www.legalconsumer.com