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Life, group, term, and fraternal insurance policies owned by an individual and:
• the total combined equity value of the policy or policies is less than or equal to $1,500 *; or
• the state has been made the beneficiary to the policy or policies.
Treatment: Excluded Resource
Life, group, term, and fraternal insurance policies owned by an individual in which the total combined equity value of the policy or policies is greater than $1,500 and the state has not been made the beneficiary to the policy or policies.
Treatment: *Counted Resource