# Alaska Stat. § 09.38.025: Exemption of unmatured life insurance and annuity contracts

> Alaska · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_AK_T9_C09.38_S09.38.025

## Section

- **Citation:** Alaska Stat. § 09.38.025
- **Heading:** Exemption of unmatured life insurance and annuity contracts
- **Jurisdiction:** Alaska
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** AK Code / Title 9 / Chapter 09.38 / Section 09.38.025

## Text

(a) Except as provided in this section or AS 09.38.017 , an individual is entitled to exemption of unmatured life insurance and annuity contracts owned by the individual. If the contracts have accrued dividends and loan values available to the individual aggregating more than $500,000, a creditor may obtain a court order requiring the individual debtor to pay the creditor, and authorizing the creditor on the debtor's behalf to obtain payment of, the amount of the accrued dividends and loan values in excess of $500,000 or the amount of the creditor's claim, whichever is less.

(b) A judgment creditor or other claimant of an insurer may not levy upon any of the assets or securities held in this state as a deposit for the protection of the insurer's policyholders or policyholders and creditors. Deposits under AS 21.09.270 may be levied upon if provided in the order of the director of insurance, Department of Commerce, Community, and Economic Development, under which the deposit is made.

## Nearby sections

- [Alaska Stat. § 09.38.010 Homestead exemption.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T9_C09.38_S09.38.010.md)
- [Alaska Stat. § 09.38.015 Property exempt without limitation.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T9_C09.38_S09.38.015.md)
- [Alaska Stat. § 09.38.017 Exemption of retirement plan interests and payments.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T9_C09.38_S09.38.017.md)
- [Alaska Stat. § 09.38.020 Exemptions of personal property subject to value limitations.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T9_C09.38_S09.38.020.md)
- [Alaska Stat. § 09.38.025 Exemption of unmatured life insurance and annuity contracts.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T9_C09.38_S09.38.025.md)
- [Alaska Stat. § 09.38.030 Exemption of earnings and liquid assets.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T9_C09.38_S09.38.030.md)
- [Alaska Stat. § 09.38.035 Continuing lien on wages.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T9_C09.38_S09.38.035.md)
- [Alaska Stat. § 09.38.040 Priorities between continuing liens.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T9_C09.38_S09.38.040.md)
- [Alaska Stat. § 09.38.045 Effective date of continuing lien.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T9_C09.38_S09.38.045.md)
- [Alaska Stat. § 09.38.050 Increased exemption amount.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T9_C09.38_S09.38.050.md)
- [Alaska Stat. § 09.38.055 Bankruptcy proceedings.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T9_C09.38_S09.38.055.md)
- [Alaska Stat. § 09.38.060 Tracing exempt property.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T9_C09.38_S09.38.060.md)
- [Alaska Stat. § 09.38.065 Claims enforceable against exempt property.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T9_C09.38_S09.38.065.md)
- [Alaska Stat. § 09.38.070 Limitation on enforcement of certain security interests in exempt goods.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T9_C09.38_S09.38.070.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_AK_T9_C09.38_S09.38.025. Check the current official text before relying on it. Not legal advice.