Yes. Washington broadly protects life insurance: under RCW 48.18.410, life insurance proceeds and cash values are exempt without a dollar cap when someone other than the insured is the beneficiary.
Annuity contract benefits are protected up to $3,000 per month under RCW 48.18.430. Group life insurance policies have their own protection.
If you elect the federal exemptions instead, unmatured life insurance policies are exempt without limit, but accrued dividends and loan value are capped at $16,850 — one more factor in choosing between the Washington and federal schemes.
This page is general legal information, not legal advice, and does not create an attorney-client relationship. Exemption figures were verified against official sources in August 2026; inflation-adjusted amounts (including Arizona's Prop 209 figures and county median homestead values) are computed estimates that change annually and should be confirmed by an attorney for your petition date. Contact Majors Law Group, P.C. for advice about your specific situation.
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