Life Insurance # on REBNY Form for Board

CASH SURRENDER does not typically apply to Term policies. Also, most company life insurance policies are Group Term....but I would check with your HR to be certain.

The purpose of the REBNY form is to give a snapshot of your assets, liabilities, and earnings.

If you have a whole life or universal life policy that can be tapped for cash, that's an asset.

If you have a term life policy that only pays out upon your death, that isn't an asset. (For the sake of completeness, it isn't a liability or a source of earnings either. It isn't mentioned at all on the form, much the same way you don't mention an auto insurance policy.)

Dude, it's not about what it pays out if you are shot by a crazy. It's about what it pays if you terminate it. For term and employer, it's zero.

Dude, where's my car?