Does Term Life Insurance Count As An Asset? 
It really depends on whom you ask . For the purpose of applying for a mortgage ... the answer is yes . Life insurance is counted as an asset because it represents something of value that you are the owner of . On the other hand , if you ask certain financial professionals , the answer may be no . The reason is that a financial professional may consider an asset to be property or a security instrument that is `` income producing . '' By income producing , I mean something that is making your money multiply like stocks , bonds or mutual funds through the receiving of dividends and/or interest payments . 