Q: Does a life insurance payout from a family member death affect my SSI disability payments monthly
My brother died and had a life insurance policy ave his brothers all receive a 20 thousand dollar check
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A:
Life insurance proceeds typically do not count as income for Supplemental Security Income (SSI) purposes. However, if the proceeds are not spent within the month of receipt, they could be considered a resource and affect your SSI eligibility if your total resources exceed the allowable limit. It would be prudent to consult with an attorney who is familiar with the specific requirements of SSI to ensure that you understand the rules and how they apply to your situation.
Sincerely,
James L. Arrasmith
Founder and Chief Legal Counsel of The Law Offices of James L. Arrasmith
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