Yes. Florida Statute 222.13 generally protects life insurance proceeds paid to a named beneficiary from the creditors of the person who died, and Florida Statute 222.14 generally protects a policy’s cash surrender value from the owner’s creditors. These are among the strongest life insurance protections in the country.
The key is to name specific beneficiaries, or a properly drafted trust, instead of your estate. Proceeds paid to an estate can go through probate and become reachable by creditors. Once your beneficiary receives the money, their own creditors may be able to reach it. This isn’t legal advice, so consult a Florida attorney about asset protection for your situation.
Questions about your own policy? Near Me Insurance in Oviedo helps homeowners and drivers across Seminole and Orange County compare options from multiple carriers.
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