R.I. Hosp. Trust National Bank v. Silverman, 1994-1182 (2002)

DECISION

Defendant David Silverman ("Silverman") comes before the Court to seek the exemption of his life insurance policy from a writ of attachment served by plaintiff and judgment creditor, Rhode Island Hospital Trust National Bank ("RIHT"). Plaintiff seeks to attach the proceeds and the cash surrender value of the policy to satisfy defendant's debts. Defendant argues that his life insurance policy, including its cash surrender value, is exempt from the claims of his creditors by virtue of R.I.G.L. § 27-4-11.

FACTS

Silverman is the current owner and insured of life insurance policy number…