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Top Income Support & Jobseeker's Allowance topic #578

Subject: "Surrender Value of Life Insurance" First topic | Last topic
brg
                              

disability rights advisor, castle morpeth citizens advice bureau
Member since
21st Jan 2004

Surrender Value of Life Insurance
Wed 25-Aug-04 03:22 PM

Checking a client's capital in respect to IS. Client has capital, has also a Life Ins that he could surrender for £4500. Client wishes to retain this policy as future support for his wife after his death.
Can IS oblige him to surrender this policy?

  

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keith venables
                              

welfare rights caseworker, leicester law centre
Member since
22nd Jan 2004

RE: Surrender Value of Life Insurance
Wed 25-Aug-04 03:28 PM

No.

Surrender value of life insurance is disregarded under para 15 of Sch 10 to the IS Regs.

  

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Top Income Support & Jobseeker's Allowance topic #578First topic | Last topic