Ask Larry

Will Insurance Proceeds Affect My Survivor Benefits?

Hello Larry,

My husband dies this and and I am receiving his Social Security survivor benefits. I just received an Insurance check from Sun Life, will this check affect my SSI benefits.

Hi,

I'm sorry for your loss.

Just to clarify my answer, I'm assuming that you don't mean that you are receiving Supplemental Security Income (https://www.ssa.gov/ssi/) when you refer to SSI benefits. Supplemental Security Income (SSI) is a needs based program administered by the Social Security Administration, and insurance proceeds can affect a person's SSI payments.

However, insurance proceeds do not affect Social Security benefits. So, provided that you are only receiving Social Security benefits, the insurance check you received will not affect your benefits.

Best, Jerry

Category: 
Posted: 
Dec 29 2016 - 12:00pm
MaxiFi software running on a laptop
Get What's Yours!
Discover tens of thousands in extra retirement dollars with Maximize My Social Security software!
  • Find your maximized strategy
  • Unlimited what-ifs
  • Step-by-Step filing instructions
  • Our software's lifetime-benefit increase for an illustrative couple earning $65K each and planning to take retirement benefits at 62.

    Results will differ based on your specific case and filing strategy.

Getting Started is Easy
Web-based software. Works on ALL browsers. No download.