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Valued Contributor
Posts: 2,698
Registered: ‎03-15-2012
0

Re: Amex app grey area

I'll post their reply, once I get it. Standard "we'll get back to you in twenty four hours...."

Established Contributor
Posts: 504
Registered: ‎08-28-2012
0

Re: Amex app grey area

Try tweeting your question to @AskAmex.  They generally respond within 10-15 minutes.

Super Contributor
Posts: 7,325
Registered: ‎12-11-2011
0

Re: Amex app grey area

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.
Valued Contributor
Posts: 2,698
Registered: ‎03-15-2012
0

Re: Amex app grey area

...my daughter says I'm too old to "tweet."Smiley Sad

Established Contributor
Posts: 504
Registered: ‎08-28-2012
0

Re: Amex app grey area


Burned2manybridgesB4 wrote:

...my daughter says I'm too old to "tweet."Smiley Sad


How embarrassing.  Don't tell her about it.

Valued Contributor
Posts: 2,698
Registered: ‎03-15-2012
0

Re: Amex app grey area

[ Edited ]

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.

Senior Contributor
Posts: 3,070
Registered: ‎11-02-2009
0

Re: Amex app grey area


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.


Starting Score: ~500 (12/01/2008)
Current Score: EQ 681 (04/05/13); TU 98 728 (01/06/12), TU 08? 760 (provided by Barclay 1/2/14), TU 04 728 (lender pull 01/12/12); EX 742 (lender pull 01/12/12)
Goal Score: 720


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Moderator Emeritus
Posts: 14,652
Registered: ‎12-30-2011
0

Re: Amex app grey area


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 Smiley Happy.

Starting Score: EQ 04 561, TU 98 567, EX 98 599 (12/30/11)
Current Score: EQ 04 693, EQ 8 714, TU 8 710, EX 8 724 (05/27/16)
Goal Score: 700 on EQ 04 (01/01/17)


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Super Contributor
Posts: 7,325
Registered: ‎12-11-2011
0

Re: Amex app grey area

Term life insurance is a rip off anyways. XD
Valued Contributor
Posts: 2,039
Registered: ‎01-24-2012
0

Re: Amex app grey area


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?

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