Indiana Code > Title 27 > Article 2 > Chapter 5 – Provisions Concerning Alienation of Benefits
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| § 27-2-5-1 | Spendthrift laws; exemption from judicial process |
Terms Used In Indiana Code > Title 27 > Article 2 > Chapter 5 - Provisions Concerning Alienation of Benefits
- Annuity: A periodic (usually annual) payment of a fixed sum of money for either the life of the recipient or for a fixed number of years. A series of payments under a contract from an insurance company, a trust company, or an individual. Annuity payments are made at regular intervals over a period of more than one full year.
- Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. Source: OCC
- Contract: A legal written agreement that becomes binding when signed.
- Dependent: A person dependent for support upon another.
- Year: means a calendar year, unless otherwise expressed. See Indiana Code 1-1-4-5