the insurance,” in which case “such proceeds or cash surrender are only exempt as permitted by Section 15-41-30.” These amendments indicate a specific intent by the General Assembly to create an exemption in the statute for cash surrender value. Although the exemption statutes addressing life insurance vary widely from state to state, the case law interpreting these statutes does provide some guidance. See In re Sims, 421 B.R. at 753 (“Cases construing life insurance exemption statutes in other states also aid the court in construing [§ 38 — 63—40(A)].”) Other courts addressing similar exemption statutes have concluded that a debtor may claim an exemption for cash surrender value as the owner and insured of the policy. In re Johnson, 274 B.R. 473, 475-76 (Bankr.E.D.Mich.2002) (<HOLDING>); In re Grace, 273 B.R. 570, 572
holding that the debtorinsured was entitled to exempt the cash surrender value of her life insurance policy naming her dependent son as a beneficiary under illinois statute providing exemption for all proceeds payable because of the death of the insured and the aggregate cash value of any or all life insurance  policies  payable to a wife or husband of the insured or to a child parent or other person dependent upon the insured holding that where the policy names only the directors or officers as insured the proceeds are not property of the estate holding that where the debtor is the owner of a policy insuring his own life and listing his wife as the beneficiary upon his death the proceeds of the policy including the cash value thereof are exempt from the claims of the insureds creditors holding that a debtor in bankruptcy may claim as exempt the cash surrender value of a life insurance policy insuring the life of the debtor that is payable to a beneficiary other than the debtor under dccode ann  314716a2001 despite the absence of the term cash surrender from the statute holding that  567203 did not exempt life insurance proceeds paid to the debtor spouse against the claims of her own creditors