VIDEO: Question Nr#16: What is the maximum amount of insurance a person can have and receive SSI?

First, we have to perceive is that Supplemental Security Income (SSI) is a want based mostly system. It is not like receiving Social Security while you flip 62 or older. It is not based mostly on the amount you paid in whereas working. Neither is it the identical as Social Security Disability which is based mostly on a bodily want. SSI has very strict guidelines about earnings. You might solely have $2000 in property, $3000 if married. Not all property are counted in direction of earnings. You might have a burial saving fund of $1500. Burial financial savings or plots for you or your instant household additionally don't rely in direction of your earnings or property. However, you might be solely allowed a insurance coverage&s=https://lifeinsurancecompaniesus.blogspot.com/' target='_blank'> life insurance coverage with a $1500 money worth. A insurance coverage&s=https://lifeinsurancecompaniesus.blogspot.com/' target='_blank'> life insurance coverage with additional cash worth than the allowed $1500 needs to be cashed in and used to pay for funeral bills upfront. This is not going to rely in direction of your allowable property. Then a money coverage of $1500 can be stored to assist pay for different finish of life bills.

Get Auto Insurance Quotes   Get Life Insurance Quotes   Get Health Insurance Quotes   Get Home Insurance Quotes  


InsureZero Blog

All You Need to Know About Insurance





Post a Comment

0 Comments