LIFE INSURANCE (FAM)

SR 22-27 Dated 09/22

Previous Policy

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Life, group, term, and fraternal insurance policies owned by an individual and:

• the total combined equity value of the policy or policies is less than or equal to $1,500; or

• the state has been made the beneficiary to the policy or policies.

Treatment: Excluded Resource

 

Life, group, term, and fraternal insurance policies owned by an individual in which the total combined equity value of the policy or policies is greater than $1,500 and the state has not been made the beneficiary to the policy or policies.

Treatment: Counted Resource

 

References: He-W 656.04; RSA 167:4, IV(c)