Life insurance policies that insure the life of the party claiming such exemption are protected in Florida from creditor attachment or levy. The policy must insure the life of the party claiming such exemption, not the life of another party.
The cash value of such policies are exempt. Once the debtor receives such life insurance proceeds, the exemption is lost.
In the case of an annuity, IRA or inherited pension plans the exemption continues after the monies are received by the debtor or party claiming such exemption.