§33-6-28. Group life insurance proceeds exempt from creditors.
(a) A policy of group life insurance or the proceeds thereof
payable to the individual insured or to the beneficiary
thereunder, shall not be liable, either before or after payment,
to be applied by any legal or equitable process to pay any
liability of any person having a right under the policy.
(b) This section shall not apply to group life insurance
issued to a creditor covering his debtors, to the extent that
such proceeds are applied to payment of the obligation for the
purpose for which the insurance was so issued.