Some questions about K-1 visa

[asdqweaaaa 0]

Hello,

Currently, I am processing K-1 visa for my fiance in Korea.

I have some questions about I-134. Currently, I am a student, so my income is too low for I-134.

So, I want to make up the this low income with other lines, like deposit and insurance.

Currently, I wrote these lines as

I derive an annual income : $11143

I have on deposit : $19963

I have life insurance : $45400

With a cash surrender value of : $9695

Is this enough for approval of I-134?

If not, how much do I need to add for approval?

Also, my fiance will come to United States before the interview.

She currently has job in Korea, and also obtained return tickets.

will it be fine for entrance to the United States?

Thank you to read my questions.

[twonton 1]

What does life insurance have to do with anything? What is "on deposit" ? What is a cash surrender value? You're a student but apparently have a job with income? Your post makes no sense. Are you a native English speaker/American?

Read the I-134 Instrurctions, it's pretty clear. What you are talking about makes no sense and shows you don't undestand how sponsoring works.

[av8or1 246]

Hello,

Currently, I am processing K-1 visa for my fiance in Korea.

I have some questions about I-134. Currently, I am a student, so my income is too low for I-134.

So, I want to make up the this low income with other lines, like deposit and insurance.

Currently, I wrote these lines as

I derive an annual income : $11143

I have on deposit : $19963

I have life insurance : $45400

With a cash surrender value of : $9695

Is this enough for approval of I-134?

If not, how much do I need to add for approval?

Also, my fiance will come to United States before the interview.

She currently has job in Korea, and also obtained return tickets.

will it be fine for entrance to the United States?

Thank you to read my questions.

You will need a co-sponsor.

[Unshakable Faith 493]

I would re-read the instructions for the form. It sounds like you'll need a co-sponsor if that's the information you have. Good luck!

[Ash.1101 1,755]

What does life insurance have to do with anything? What is "on deposit" ? What is a cash surrender value? You're a student but apparently have a job with income? Your post makes no sense. Are you a native English speaker/American?

Read the I-134 Instrurctions, it's pretty clear. What you are talking about makes no sense and shows you don't undestand how sponsoring works.

Those are the sections to fill out on the form itself, he's merely saying what he put.

That said, your income is 11143$ a year. You need 19912$ a year in income. I base it off 125% of the income level because it's better to be safe than sorry, plus I'm sure your fiance plans on getting a green card (or else why the k1 process) in which that's how much you'll need to make after your married.

income requirements found here: http://www.uscis.gov/sites/default/files/files/form/i-864p.pdf

So you have a difference of 8769$ that you need to meet the income requirements. So you'd need to prove that you have enough money in assets to cover three years for a spouse. So 8769$ x 3 = 26307$.

You'll need to prove you have 26307$ in assets along with your current income to be able to support her. From the info you put, you don't meet that. I'm sure the life insurance portion is used for other things since the I-134 is used for other visas as well, but I don't believe you can cash out your life insurance without dying. lol.

That said, you need to find a co-sponsor who makes enough for your fiance since you do not. Safe rule of thumb is to find someone with NO dependents that makes at least 19912$ a year in income, that person will be able to be your co-sponsor for the I-134 (K1 Visa) and your joint-sponsor for your I-864 (Green Card).

Edited May 31, 2015 by Ash.1101

[novedsac 355]

What does life insurance have to do with anything? What is "on deposit" ? What is a cash surrender value? You're a student but apparently have a job with income? Your post makes no sense. Are you a native English speaker/American?

Read the I-134 Instrurctions, it's pretty clear. What you are talking about makes no sense and shows you don't undestand how sponsoring works.

Seems pretty clear to me. In fact, OP has used the same terminology used on the I134 form itself.

OP has $19963 in some type of deposit account (savings, checking, etc) and a whole term life insurance policy with a $45400 face value (the death benefit) and a $9695 cash value (the amount paid should he surrender the policy before claiming a death benefit).

Anyway, the cash value/cash surrender value is an investment of sorts, it is an asset that can be divested within 30 days, so I believe it will be included in the OPs total asset count. But that is the cash surrender value NOT the face value. Just be sure the insurance policy is indeed a whole life or universal life policy, as a term life policy does NOT carry a cash surrender value and is a zero balance asset until the terms of the payout are met (eligible death, usually). So, this may put the OP just above the 125% of poverty line where OP needs to be. Being at 125% above the poverty line is recommended because it will be necessary for the I864 which will come into play when OP is filing AOS for spouse.

Considering the OP is so close, perhaps easier to manage a small gift from a relative to add to the deposit account instead of asking someone to sign the I134 which carries a longer term commitment.

[Dohan 133]

Those are the sections to fill out on the form itself, he's merely saying what he put.

That said, your income is 11143$ a year. You need 19912$ a year in income. I base it off 125% of the income level because it's better to be safe than sorry, plus I'm sure your fiance plans on getting a green card (or else why the k1 process) in which that's how much you'll need to make after your married.

income requirements found here: http://www.uscis.gov/sites/default/files/files/form/i-864p.pdf

So you have a difference of 8769$ that you need to meet the income requirements. So you'd need to prove that you have enough money in assets to cover three years for a spouse. So 8769$ x 3 = 26307$.

You'll need to prove you have 26307$ in assets along with your current income to be able to support her. From the info you put, you don't meet that. I'm sure the life insurance portion is used for other things since the I-134 is used for other visas as well, but I don't believe you can cash out your life insurance without dying. lol.

That said, you need to find a co-sponsor who makes enough for your fiance since you do not. Safe rule of thumb is to find someone with NO dependents that makes at least 19912$ a year in income, that person will be able to be your co-sponsor for the I-134 (K1 Visa) and your joint-sponsor for your I-864 (Green Card).

Just small edit to this, while the explanation is correct, the amount you are coming up short by, must be multiplied by 5, not 3, so you need to show you have $43, 845 in assets. Definitely a lot easier to get a co-sponsor.

[novedsac 355]

Just small edit to this, while the explanation is correct, the amount you are coming up short by, must be multiplied by 5, not 3, so you need to show you have $43, 845 in assets. Definitely a lot easier to get a co-sponsor.

Ah, yes, x5.

Even with the cash value of the life insurance, still comes up very short.

[KayDeeCee 4,891]

Just small edit to this, while the explanation is correct, the amount you are coming up short by, must be multiplied by 5, not 3, so you need to show you have $43, 845 in assets. Definitely a lot easier to get a co-sponsor.

Depends. There is no established guidelines for assets with the I-134, so if the CO uses the I-864 guidelines, they may accept 3 times for a spouse or fiance(e).

OP> The CO will have sole discretion when deciding whether or not they believe the intending immigrant will become a public charge or not. If your income is that low, they may not consider what you have in your accounts, or your life insurance to be enough to keep your fiance(e) off public assistance. On the other hand, they may decide that it is good enough to issue the K-1 visa. You would then need to look to the future and filing for AOS after you are married. If you have to live off your savings, then you will not have enough assets to have your I-864 approved.

Also, don't take a gift from someone to 'get by'. They like to see 6-12 months of bank statements just to see whether or not you received a large deposit right before submitting the affidavit of support.