Is Life Insurance Cash Value A Liquid Asset?

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   Ted Ratliff

   Owner, SFS Associates,

   Since the owner of the policy has access to the accumulated cash value either through surrender or a loan, it is considered a liquid asset in most cases.  This is especially true when you are applying for Medicaid.  In Ohio, for example, cash value in a Life Insurance policy owned by the Medicaid applicant cannot exceed $1500.  These rules vary by State so you need to check the rules in your State.

   Answered on September 21, 2013

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