Cash Value of Life Insurance Policy

Discussion in 'Countable Income' started by brunn2, Aug 16, 2015.

  1. brunn2

    brunn2 Newbie

    I am going to be filing for my mother who is still living. She has a Life Insurance Policy that has a cash value. I know you don't have to report Life Insurance Policies, but if it has a cash value, do you have to report the cash value as an asset?
     
  2. vetadmin

    vetadmin Administrator Staff Member

    Not unless you cash it in.
     

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