---
title: O.C.G.A. § 33-28-7. Proceeds of annuity, reversionary annuity, or pure endowment contracts not liable to attachment, garnishment, or legal process in favor of creditors of beneficiary.
collection: code
id: 33-28-7
cite_as: O.C.G.A. § 33-28-7 (2025)
canonical_url: https://georgiacommons.org/code/33-28-7
md_url: https://georgiacommons.org/code/33-28-7.md
text_url: https://georgiacommons.org/code/33-28-7/text
source_url: https://www.legis.ga.gov/api/document/docs/default-source/joint-features-document-library/t33-ch23-65-(v25)-2020-pdf.pdf?sfvrsn=68297_0#page=498
date: 2025
status: active
corpus_version: 2025-supplement-89aa39ab3c68
license: CC0-1.0
publisher: Georgia Commons, an independent project of Georgia Civic Data. Not the State of Georgia. Not legal advice.
up: https://georgiacommons.org/code/33-28.md
previous: https://georgiacommons.org/code/33-28-6.md
next: https://georgiacommons.org/code/33-29-1.md
index: https://georgiacommons.org/code/index.md
version: the only printed version
in_force: true
current_through: Including Acts of the 2025 Regular Session of the General Assembly
heading_path: INSURANCE / ANNUITY AND PURE ENDOWMENT CONTRACTS
---

# O.C.G.A. § 33-28-7. Proceeds of annuity, reversionary annuity, or pure endowment contracts not liable to attachment, garnishment, or legal process in favor of creditors of beneficiary.

The proceeds of annuity, reversionary annuity, or pure endowment contracts issued to citizens or residents of this state, upon whatever form, shall not in any case be liable to attachment, garnishment, or legal process in favor of any creditor of the person who is the beneficiary of such annuity contract unless the annuity contract was assigned to or was effected for the benefit of such creditor or unless the purchase, sale, or transfer of the policy is made with the intent to defraud creditors.

## History

Code 1933, § 56-2603, enacted by Ga. L. 1960, p. 289, § 1; Ga. L. 2006, p. 885, § 2/HB 1304.

## Law Reviews

For article, ‘‘Consumer Bankruptcy Panel: Hot Consumer Bankruptcy Plan Issues,’’ see 28 Emory Bankr. Dev. J. 333 (2012).