Read this if you have ever been told,
"I cant buy life insurance because I'm on SSI."
If you have been selling in California in the last 12 months, chances are you have been told, "I cant buy life insurance because I am receiving SSI. If I do, the state will just take it."
Contrary to what the 'Yellow Notice' stated, PEOPLE ON SSI CAN GET LIFE INSURANCE!. But... the cash value cant exceed $1,500 otherwise it will count toward their total resources.
To help you all get over this doubt when you hear it, you should print off the the form below. It provides the information explaining directly from the Social Security Handbook. Enjoy!
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