Bank Accounts SR 97-45 Dated 12/97 (FAM-A)

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