1. 5082 POINTS
    J Paul Wilson CFP, CHFC
    Certified Financial Planner, JPW Insurance Retirement Investments, Halifax, Nova Scotia, Canada
    The cash value of your life insurance would be part of your net worth.

    The death benefit of you life insurance would not be included in your net worth. It would be included as part of your estate.

    An independent life insurance broker, who represents several companies, can help you find the right policy at the right price.

    If you have further questions, or feel that I could be of assistance, please do not hesitate to contact me.

    If you would like to work with a local life insurance broker, you could start with a Google search. For example, if you search for: life insurance broker Halifax or life insurance agent Halifax, my name, along with several others, will come up. You can use the same method to find a life insurance broker in your community.
    Answered on June 12, 2014
  2. 21750 POINTS
    Jim Winkler
    CEO/Owner, Winkler Financial Group, Houston, Texas
    That is a great question! As a rule, while you are living, the benefit amount is not since the face value of the policy is not an asset that you personally will be able to use. The death benefit is an intangible asset, until you pass, and assuming that you have a named beneficiary, will not become a part of your estate, but will increase the amount of what your total net worth was. If you have a large cash value in a policy, that is counted in your net worth, and Medicaid will count that cash as an asset, so you may want to consult with your advisor if this is the reason for asking the question. Thanks for asking!
    Answered on June 12, 2014
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