KRS 304.14-340: Rights of married women in life insurance.

(1) Every life insurance policy made payable to or for the benefit of or duly assigned or

transferred to a married woman, or to any person in trust for her, shall inure to her

separate use and benefit and that of her children, independently of her husband or

his creditors or any other person effecting or transferring the policy, or his creditors.

(2) A married woman may, without consent of her husband, contract, pay for, take out

and hold a policy on the life or health of her husband or children, or against lo ss by

his or their disablement by accident. The premiums paid on the policy shall be held

to have been her separate estate, and the policy shall inure to her separate use and

benefit and that of her children, free from any claim of her husband or others.

(3) If the premium on any such policy is paid by any person with intent to defraud his

creditors, an amount equal to the premium so paid, with interest thereon, shall inure

to the benefit of the creditors, subject to the statute of limitations.