Should the value of individual insurance policies held by a participan

[John A]

Should the value of individual insurance policies held by a participant be included in the account balance for purposes of determining the maximum loan available? In this case, the participant had approximately a $100,000 balance, and $30,000 was the cash value of individual life insurance policies. Are they able to borrow $50,000 or $35,000?

[Guest]

Check your plan document to see if there are any specifics. If not, I would certainly include the value of the life insurance.