Ask Larry

Would Selling My Life Insurance Affect Social Security Or Medicare?

If I sell my life insurance to a life settlement co. Will it affect my Medicare or socialsecurity?

Hi,

No. I suppose the additional income could increase your Medicare Part B premium rate at least temporarily, but it wouldn't affect your Medicare coverage or Social Security benefits.

Best, Jerry

Category: 
Posted: 
Jan 13 2017 - 6:15am
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.