Question regarding I-134

[jonnysing]

Can I list the detail of Life Insurance in form I-134 if my company provides the same as benifit? Or I should list only if it is personal Life Insurance?

Thanks

[immihelp]

You can list any life insurance.

But in all probability, the life insurance that your employer provides would only be term life insurance and that does not have any cash value. Therefore, there is no meaning or advantage of mentioning such insurance.

The whole idea behind asking that question is that if you have permanent life insurance (whole life or universal life inusance) that has cash value, if you need to support your family, you can take the cash out of it for the expenses. But term life insurance does not have any cash value.