Life Insurance Question

[stevem504]

Hi All

Am beginning the process for A&A for my Mother, 87, widowed, never remarried after Father's non-wartime death.

It's a daunting task.

While going through the 21-534 form in Section VII, 33a, I found a statement on the
http://www.vetassist.org/eligibility.htm#new site that says:

   Do NOT count a life insurance policy (because the policy holder must be deceased in
      order to benefit from it).


This is the first I've seen anything like this, was figuring on counting it as a "liquid" asset since it is a whole life insurance policy that we can withdraw from.

Anybody have any experience with this ?

Thanks
Steve

[Fit2009]

It seems they do not count it.  Of course, if take a big bit out and put it in a bank account, it will count as an asset.