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Unsure |
| Date: |
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November 4, 2002 |
| Question: |
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Apparently there is some legislation that says cash value/ cash surrender value of Life insurance can not be attached in a bankruptcy if the wife is the beneficiary. Can you advise what this legislation is?
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From: |
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Ann Clarke, Collins Barrow Limited |
| Date: |
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November 4, 2002 |
| Answer: |
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There is both federal and provincial legislation under Insurance Acts that govern life insurance exemptions. If you search under Government of Canada - legislation or Government of Alberta - legislation, you'll find the relevant information.
Ann Clarke
phone: (403) 296-2972
aclarke@moneyhelp.ca
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