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	<title>New answer on: Can You Have Life Insurance While On SSI?</title>

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		<title>By: Peggy Mace</title>

		<link>https://insurancelibrary.com/life-insurance/can-you-have-life-insurance-while-on-ssi</link>

		<dc:creator>Peggy Mace</dc:creator>

		<pubDate>Fri, 06 Dec 2013 14:11:57 +0000</pubDate>

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		<description><![CDATA[Yes, you can have life insurance while on SSI. If it has no cash surrender value, there is no limit on how much life insurance you can have. Term insurance falls in that category, as well as some permanent policies. If you own a policy that does have cash surrender value, the total face amount of the policies owned by you or your spouse, on one person, cannot exceed $1,500. The exception is burial funds: a policy designated to cover your final expense needs is not counted as a resource.]]></description>

		

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