§ 178.69. Life insurance policies.
Life insurance owned by the applicant/recipient, up to a maximum face value of $1,500 for each insured person is excluded. If the life insurance of an insured person has a total face value in excess of $1,500, only the cash surrender value in excess of $1,000 shall be considered a resource to the owner.
Cross References This section cited in 55 Pa. Code § 178.70 (relating to term insurance policies); 55 Pa. Code § 178.73 (relating to revocable burial reserve); 55 Pa. Code § 178.91 (relating to deeming of resources); 55 Pa. Code § 178.121 (relating to general); 55 Pa. Code § 178.122 (relating to determining the spousal share of resources if the institutionalized spouse is not applying for MA); and 55 Pa. Code § 178.123 (relating to determining the spousal share of resources at the same time the institutionalized spouse applies for MA).
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