Paragraph 10 Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below: Sch. 5 para. 15(1A) words substituted by Social Security 2026 reg. 3(5)(a) Sch. 5 para. 15(1A) words inserted by Social Security (Income and Capital Disregards) 2026 reg. 2(4)(a) Sch. 5 para. 15(2)-(5) words substituted by Social Security 2026 reg. 3(5)(b) Sch. 5 para. 15(2)-(5) words substituted by Social Security (Income and Capital Disregards) 2026 reg. 2(4)(b) Sch. 5 para. 15(6) words substituted by Social Security 2026 reg. 3(5)(b) Sch. 5 para. 15(6) words substituted by Social Security (Income and Capital Disregards) 2026 reg. 2(4)(b) The surrender value of any policy of life insurance. ← Paragraph 9A Paragraph 10 Paragraph 11 →