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Can or will cash value of life insurance policy be used to satisfy debt in bankruptcy? I have a universal life insurance policy which has a cash value that increases e every year as the death benefit declines. Can this cash value be taken by cedito rs if I file for bankruptcy

Can or will cash value of life insurance policy be used to satisfy debt in bankruptcy?

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Page 1: Can or will cash value of life insurance policy be used to satisfy debt in bankruptcy?

Can or will cash value of life insurance policy be used to satisfy debt in bankruptcy?I have a universal life insurance policy which has a cash value that increases eevery year as the death benefit declines. Can this cash value be taken by ceditors if I file for bankruptcy