Life insurance can be considered an asset under certain circumstances. The cash value of a permanent life insurance policy, such as whole life or universal life, can be considered an asset because it accumulates value over time. This cash value can be borrowed against or used as collateral for a loan. However, term life insurance, which does not have a cash value component, is generally not considered an asset. It's important to distinguish between the death benefit of a life insurance policy, which is typically not considered an asset, and the cash value, which can be. The cash value is the amount of money that has accumulated within the policy and can be accessed while the policy is active. It's important to consult with a financial advisor or insurance professional to understand the specific details of your policy and how it may be considered as an asset in your financial planning. Additionally, the treatment of life insurance as an asset may vary based on individual circumstances and local regulations, so it's important to seek personalized advice.