Questions and Answers - Social Security Income and Assets Tests - Assessment of Conventional Life Insurance Policies

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Author:  Seniors & Means Test Branch, Department of Families, Housing, Community Services and Indigenous Affairs

These Questions and Answers are about the income and assets tests treatment of conventional life insurance policies which have profit components and surrender values. These policies are principally ‘pure endowment’, ‘endowment’ or ‘whole-of-life’.

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