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You can you need to pay the premiums yourself. However you cannot have income from a life insurance policy that has been paid to you as that is declarable.

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โˆ™ 2011-03-24 19:57:19
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Q: Can you have a life insurance policy if you receive social security?
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Related questions

Can you receive disability payments if you already receive social security payments?

Yes, if you have a disability insurance policy with a "base benefit" that does not integrate with social insurance benefits.


Can you collect social security benefits while on private disability?

Yes, if you own a private Disability insurance policy, the guidelines and benefits are accounted for separately from Social Security benefits. A person can be eligible to receive both benefits.A private Disability policy can have two types of benefits: Base and Social Insurance benefit. Base benefits are payable regardless of Social Security benefits. Social Insurance benefits will offset dollar-for-dollar with any Social Security benefits you are eligible for.You can revert to your original Disability insurance policy, or policy summary to determine whether you have base or Social insurance benefits. You can also contact the insurance company your policy was written through to confirm this information.


What are the three main areas of social policy?

Three main areas of social policy is Social Security, Federal Insurance Contributions Act (FICA), and National Health Insurance.


Can you receive both unemployment and Social Security benefits in New York?

Yes, you can receive both Unemployment Insurance benefits and Social Security in New York.


Is children's social security number needed to add them to health insurance policy?

no


How do you find life insurance policy with social security number?

The only way to find a person or deceased Life Insurance policy with a Social Security number is to know the name of the company that issued the policy. With that information, the beneficiary can contact the Life Insurance company and search his policy with his Social Security number. Please keep in mind that if you do not have a signed sealed death certificate the policy benefits will not be issued. Also, the death benefit will only be issued to the person named as the beneficiary. So if someone else besides the named beneficiary on the policy tries to receive the benefits, it would be impossible.


Can a person get disability and Social Security?

When people refer to "Social Security," they general mean retirement benefits. SSDI is Social Security Disability Insurance, which is paid from the same fund, but available only to disabled people who are below full retirement age.If you're asking whether you can receive both Social Security retirement and Social Security disability benefits, the answer is no. If you meet SSA guidelines for disability, you receive SSDI until you become ineligible or reach retirement age, whichever occurs first. If you remain on SSDI until retirement, your Social Security benefits automatically convert from disability to retirement. You can't receive both at the same time.If you're asking whether you can receive private disability insurance payments after you begin receiving Social Security disability or retirement benefits, that depends on the policy. Consult with your insurance agent or employer for more information.


Can you receive disability social security and your spouse's social security pension?

Can you receive disability social security and your spouses social security pension


How much can you earn in addition to private disability insurance?

The amount of income you could receive in addition to Social Security benefits will depend on the type of benefit your Disability insurance coverage provides. Some benefits will offset with all Social Security benefits you qualify for, which essentially means the additional income you receive will be equal to the difference of your monthly benefit and your Social Security benefits.$5,000 Disability insurance benefit (off-settable)$1,000 Social Security benefitYou will receive a net $4,000 of additional income and a total of $5,000.There is also a benefit called "base" benefit, which does not offset with Social Security benefits. In this scenario the additional income you will receive is equal to your entire Disability insurance benefit.$5,000 Disability insurance benefit (not off-settable)$1,000 Social Security benefitYou will receive a net $5,000 of additional income and a total of $6,000.


Do you have to apply for Social Security Disability when you start getting Long Term Disability from your employer?

Yes, if your disability insurance policy has a benefit that is integrated with social insurance benefits.Most employer paid disability insurance policies are integrated with social security benefits, because of the lower premium they have to pay. Individual disability insurance plans can be purchased with or without social security integration. Benefits that are not integrated with social security benefits will not be affected whether you apply or not for social security disability benefits.


Will Social Security Pay more in some states?

if you receive social security in Illinois and move to Tennessee will I receive less social security


Why do you have to pay FICA?

Because that is the way that you contribute to your social security and medicare insurance coverage and disability insurance that you may receive at a future date.

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