No. of Recommendations: 1

"the cash value of the life insurance policies, is an asset in the estate."

Will you clarify?

The cash value belongs to the Owner of the policy, which need not by the insured.

Assuming that the insured owns the policy, then the cash value belongs to him/her while alive.

The estate is created once the insured dies (in the normal definition of estate). The cash value does not belong to the estate.

Regards, JAFO
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