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I'll post their reply, once I get it. Standard "we'll get back to you in twenty four hours...."
Try tweeting your question to @AskAmex. They generally respond within 10-15 minutes.
...my daughter says I'm too old to "tweet."
@Burned2manybridgesB4 wrote:...my daughter says I'm too old to "tweet."
How embarrassing. Don't tell her about it.
I had to ask her how to do it...I KNOW I'm too old for tweeting.
...at least I can tell youngsters how to set the VCR clock.
@jsucool76 wrote:
I just finished accounting 2 this semester... So im clearly an accounting genius xD (not really you can probably disregard anything i say) but..
I would definitely say its an asset, especially if it is one of the policies you can "borrow" from. Definitely would count it as an asset if you're filling out a joint app with your spouse, since if you're gone first that money is theirs.
Only if you die within the term of the policy. I still would be pretty surprised if term life is considered an asset.
@Walt_K wrote:
@jsucool76 wrote:
I just finished accounting 2 this semester... So im clearly an accounting genius xD (not really you can probably disregard anything i say) but..
I would definitely say its an asset, especially if it is one of the policies you can "borrow" from. Definitely would count it as an asset if you're filling out a joint app with your spouse, since if you're gone first that money is theirs.Only if you die within the term of the policy. I still would be pretty surprised if term life is considered an asset.
I don't think it has any immediate liquid value, so I suspect you're right. I'm admittedly not hip to life insurance .
@Burned2manybridgesB4 wrote:I had to ask her how to do it...I KNOW I'm too old for tweeting.
...at least I can tell youngsters how to set the VCR clock.
VCR?