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VGLI Can A Beneficiary Assign VGLI Proceeds To Another Person?

Published 08/10/2012 03:27 PM   |    Updated 12/19/2012 03:14 PM
Can A Beneficiary Assign VGLI Proceeds To Another Person?
A beneficiary may not assign or transfer VGLI proceeds to another person. In addition, VGLI proceeds are not subject to claims of creditors of the insured or creditors of the beneficiary.