Where it says: life insurance, cash surrender value of , what is that? is it the total amount of the insurance if I die?

The value when you die is called the "death benefit."

Some types of policies have a cash surrender value, that is, an amount you get back if you discontinue the policy. These types are usually whole life, or universal life, but not term life. Do you know which type of policy you have?

Question: What is your annual income? If your income exceeds 125% of the poverty line as described on form I-864P then you need not list assets such as insurance on the form, you can just note zero for the assets. Assets are needed only to make up the difference between income and the 125% poverty line.

Note read the instructions included with form I-134.

II. Supporting Evidence.

As the sponsor, you must show you have sufficient income and/or financial resources to assure that the alien you are sponsoring will not become a public charge while in the United States.

Evidence should consist of copies of any or all of the following documentation listed below that are applicable to your situation.

Failure to provide evidence of sufficient income and/or financial resources may result in the denial of the alien's application for a visa or his removal from the United States.

The Sponsor must submit in duplicate evidence of income and resources, as appropriate:

A. Statement from officer of the bank or other fincial institution where you have deposits, giving the following details regarding your account:
1. Date account opened;
2. Total amount deposited for the past year;
3 Present balance.

B. Statement of your employer on business stationary, showing:
1. Date and nature of employment;
2. Salary paid;
3. Whether the position is temporary or permanent.

C. If self-employed:
1. Copy of last income tax return filed; or
2. Report of commercial rating concern.

D. List containing serial numbers and denomination of bonds and name of record owner(s).

Note: Where the instructions says and/or the "OR" means can be one or the other. If your income is sufficient provide them with the evidence that they need, example Copy of last 1-3 years tax returns, past 6 month's pay stubs, and letter from employer.

The letter from the bank is optional, same goes for Stocks, bonds, assets... Those items are only needed if your income is below the 125% poverty line when including your dependents, and beneficiary.

It's only applicable for insurance policies that have cash surrender value like whole life, universal life, etc. Term policy as Jersey girl said, doesn't count. For my case I have a term life policy that I had for 5 yrs and a whole life that I just had for over a year. I just put "unknown" on the cash surrender value field and I was told that it wouldn't cause any problem. If you meet the poverty line with your salary, I'm pretty sure that your insurance policy won't even matter.

Karel

Thanks for the answers guys, helpful as always!!!