What types of life insurance policies qualify?
All types of policies qualify including, whole life, term, universal life, group or corporate owned policies, and joint survivorship policies. The policy, no matter the type, must be at least two years old. And have a minimum face value of $50,000, there is no maximum. If the policy is a part of an employers group policy, it must be able to be converted to individual. Your policy must be at least two years old and your beneficiary must be available to sign a waiver.
