Section 140.266. Proceeds as beneficiary of life insurance policy

Payments received by the applicant/recipient as a beneficiary of a life insurance policy, except for an amount up to $1,500 that the applicant/recipient verifies that he spent on the insured’s last illness and burial expense, is counted as unearned income. Illness and burial expenses include related hospital and medical expenses, funeral, burial plot and interment expenses and other related costs.