Does Life Insurance Count As An Asset? 
Does life insurance count as an asset ? Yes and no , depending on the situation for different purposes . On many financial applications the applicant is asked if they own life insurance and if they have cash values . One place that Life Insurance and their cash values are n't counted that is good to be that way is for FASFA information for college . As FASFA figures out what a family can `` afford '' to contribute for college , they mercifully do n't count cash values . 