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Every life insurance that I have ever seen that is provided by an employer is a Term Life Insurance product.
Term Life insurance does not build a cash value and you cannot borrow against it. It has a $0 Cash Value.
Therefore it is not an asset that the trustee will go after. It still needs to be listed in your schedules, but there is no value to it.
Please let me know if you have any other questions or if you need clarification on any part of my answer.
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