Will Life Insurance Affect SSI?

  1. 180 POINTS
    Michael Quinn
    Insurance Broker, CompassInsuranceOptions.com, United States
    If you are inquiring about if life insurance will affect SSI disability benefits, the answer is: It may.

    Life insurance is classified as a resource asset.  Resources are a factor of SSI eligibility benefits.

    Life insurance is a resource that will not be counted toward the asset limit as long as your life insurance policy has a cash value of $1,500 or less.
    Answered on March 28, 2014
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