Estate Law Questions? Ask an Estate Lawyer.
Hello and welcome! My name is ***** ***** I will try my level best to help with your situation or get you to someone who can.
No, it will not affect your SSDI benefits since they are not based on your assets, but rather on the underlying disability that qualify you to receive benefits. So you could have a million dollars and still qualify for SSDI. It is SSI that is asset and income based and could be terminated if you inherited assets so as to put you over the $2,000 limit for individuals.
And if you are named as the direct beneficiary, then those insurance proceeds would be paid directly to you..
I am not sure what your prior check scam issue has to do with your question about insurance proceeds and SSDI...
And you are correct, as I stated earlier, you would be allowed to have up to $2,000 in assets and still qualify for SSI...But we are talking about SSDI here.. and it is not dependent on your assets.
So the insurance money is paid directly to you and won't affect your benefits.
Ok, they will issue you a check, but if you don't have an account, you may have to see if you can actually cash it at the issuing bank, if there is one locally, or endorse it over to someone you trust so they can deposit it and then when it clears, give you the money from their account.
Or you can see if the bank would reconsider your ban if you are making a substantial deposit.