HC Deb 14 January 1981 vol 996 c544W
Mr. Rooker

asked the Secretary of State for Social Services if persons holding life policies, with a surrender value of less than £2,000 but capital resources of more than £2,00() including such life policies, are excluded from claiming supplementary benefit.

Mrs. Chalker

[pursuant to her reply, 12 January 1981]: Yes, but in circumstances where the claimant, therefore, has to live off his capital, he is not necessarily obliged to surrender his life policy before qualifying for benefit. It will be a matter of choice for him as to which of his capital assets he most values.