Is A Term Life Insurance Policy Considered An Asset? 
I like Jim Winkler 's answer above , `` in the regard that you have some peace of mind having some limited insurance coverage '' a term life policy could be considered an `` asset '' , but really not in any financial way . As Peggy said even if you are the beneficiary of someone 's term life policy you ca n't count it as an asset in terms of figuring your net worth in a financial statement or to borrow against . You can buy a credit term policy to cover a debt in the case of your death , but it still is n't counted as an asset . Again , I 'm with Jim - I do n't value or recommend Term life policies generally . They have their place in some situations , but more of a last resort in my opinion . 