Are you sure that the confidence interval is 1.088 - 1.523, while the point estimate is 1.088 (i.e. the lower bound of the confidence interval)?

Anyhow, lets assume the odds ratio is 1.088. An odds ratio is a ratio of odds (for once a name in statistics makes actual sense!). So a unit change in MMSE is associated with a 8.8% increase in theoddsof being satisfied with your family live.