Question

What happens to the proceeds of a life insurance policy held under the Married Women's Property Act as long as the trust's objectives remain?

a.

The proceeds become part of the husband's estate

b.

The proceeds are subject to court attachments

c.

The proceeds are beyond the control of the husband or his creditors

d.

The husband can access the proceeds at any time

Posted under IC38 Life Insurance Agent Exam

Answer: (c).The proceeds are beyond the control of the husband or his creditors Explanation:Under the Married Women's Property Act, as long as the trust's objectives remain, the proceeds of the life insurance policy are beyond the control of the husband or his creditors.

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Q. What happens to the proceeds of a life insurance policy held under the Married Women's Property Act as long as the trust's objectives remain?
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