Does Life Insurance Count Net Worth? 
If your question is about applying for life insurance , the answer is yes . An underwriter will want to know your net worth along with your annual income and time in your current occupation . This information is needed in addition to height , weight , age , place of residence , health , medical history and lifestyle . All of these factors are used to calculate your mortality . If your question is about counting life insurance as an asset in your net worth , the answer is maybe . If you have term life insurance , then no , the face amount is not counted as an asset . However if you have a cash value plan , yes the current cash value of your whole life or universal life insurance is part of a person 's net worth . . 