2-008.07A4 Whole Life Insurance
The cash surrender value of life insurance
is exempt from resources.
The following are also exempt:
- Term insurance and other similar policies that do
not accrue any cash value;
- Burial insurance; and
- Life insurance policies where the proceeds are irrevocably
assigned for the purpose of burial.
468 NAC 2-008.07A3b Resources for the treatment of burial insurance.
Interest and Dividends