In DC Mex Holdings LLC v. Affordable Land LLC, No. 332439, the plaintiff had secured a judgment against an individual defendant and had issued a writ of garnishment seeking to collect against the cash value of that individual's life insurance policy. In analyzing the relevant statute governing whether these proceeds were exempt, the Court of Appeals noted that the statutory language and intent were designed to protect life insurance policies, including their cash value, for the beneficiary spouse and children. Thus, the Court of Appeals concluded that the cash value of the policy was exempt from garnishment.
Blogs
