Having a life insurance policy generally does not affect your social security benefits. Social security benefits are not means-tested, meaning they are not affected by the amount of assets or income you have, including life insurance policies. The only exception to this rule is if you have a cash value life insurance policy, such as whole life or universal life insurance, and you access the cash value while receiving social security benefits. In this case, accessing the cash value could be considered income and may impact your benefits. However, simply having a life insurance policy in place should not affect your social security benefits. It's important to consult with a financial advisor or insurance specialist to understand the specific implications of your life insurance policy on your social security benefits in your individual situation.