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Amex app grey area

Valued Contributor

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...."

Message 11 of 30
Established Contributor

Re: Amex app grey area

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

Message 12 of 30
Super Contributor

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.
Message 13 of 30
Valued Contributor

Re: Amex app grey area

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

Message 14 of 30
Established Contributor

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.

Message 15 of 30
Valued Contributor

Re: Amex app grey area

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.

Message 16 of 30
Senior Contributor

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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Message 17 of 30
Moderator

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 5 561, TU 98 567, EX 2 599 (12/30/11)
Current Score: EQ 5 771, TU 4 758, EX 2 758, EQ 8 795, TU 8 762, EX 8 786 (7/28/17)
Goal Score:    EQ 5 750, TU 4 750, EX 2 750, EQ 8 800, TU 8 Blah, EX 8 800 (01/01/18)


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Message 18 of 30
Super Contributor

Re: Amex app grey area

Term life insurance is a rip off anyways. XD
Message 19 of 30
Valued Contributor

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?

Message 20 of 30