What should I do to get back my SSI benefit because I has life insurance it has cash value?

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My mom has life insurance and she recently has been disconnected for SSI because she has cash value up to $10,000. What should she do to get back her SSI benefit?

if she transfer the policy owner to her son and her name is still as beneficiary, can she able to continue get her SSI without repay any money she may own?

or any suggestion you may have please let me know. I don’t know what to do right now. Please help any one?

Thank you and appreciated your help!”

Asked July 10, 2017

1 Answer

If you receive Supplemental Security Income (SSI) benefits and have life insurance with cash value, it's important to report the cash value to the Social Security Administration (SSA) to ensure that you are receiving the correct amount of benefits. Here are four steps you can take to get back your SSI benefit if you have life insurance with cash value:

  1. Report the life insurance policy to the SSA: You should report the life insurance policy and its cash value to the SSA as soon as possible. Failure to report the cash value could result in an overpayment of SSI benefits, which may need to be paid back to the SSA.
  2. Provide documentation: You will need to provide documentation to the SSA that shows the cash value of the life insurance policy. This may include a statement from the insurance company or a copy of the policy.
  3. Determine the impact on your SSI benefit: The SSA will determine how the cash value of the life insurance policy affects your SSI benefit. In some cases, the cash value may be considered a countable resource, which could result in a reduction in your SSI benefit.
  4. Request a reconsideration or appeal: If you believe that the reduction in your SSI benefit is incorrect, you can request a reconsideration or appeal of the decision. You may want to seek the advice of a qualified attorney or advocate who is familiar with SSI rules and regulations to assist you in this process.
It's important to note that the rules surrounding life insurance policies and SSI benefits can be complex, and the impact on your benefit will depend on the specific details of your policy and circumstances. Therefore, it's recommended that you speak with a qualified attorney or advocate to ensure that you are complying with the rules and regulations of the SSI program.

Answered July 14, 2017 by tim

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