5 Important SSS Death Benefits You Should Know About
As we all know, the loss of a loved one is a difficult and emotional time for families. Along with the emotional stress, there are also financial implications that can arise from the death of a family member. This is where the Social Security System (SSS) comes in, providing death benefits to eligible beneficiaries of a deceased member. In this blog post, we’ll be discussing five important SSS death benefits you should know about. We’ll also tackle how Golden Haven can assist you during this difficult time.
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Funeral Benefit
The SSS provides a funeral benefit of up to PHP 20,000 to help cover the funeral expenses of the deceased member. This benefit is available to the person who paid for the funeral expenses. However, it should be provided that they have receipts and other documents as proof of payment. You will have to submit the documents to SSS for the claim.
Make sure that the funeral home that you availed service from is legal and can provide official receipts. If you’re looking for funeral homes, Golden Haven Chapels and Crematorium can assist you with funeral arrangements. We offer a wide range of funeral services and packages that cater to different needs and preferences. Our compassionate and experienced team will help you with every aspect of the funeral arrangements. We will ensure that your loved one is given a meaningful and respectful farewell. Our team is also knowledgeable about matters related to death claims and can assist you with your concerns and questions.
Death Benefit
The SSS also provides a death benefit to the primary beneficiaries of the deceased member. The amount of the benefit depends on the member’s number of contributions and the average monthly salary credit. Nonetheless, it can be up to PHP 1,000,000.
Monthly Pension
The SSS provides a monthly pension to the primary beneficiaries of a deceased member who has paid at least 36 monthly contributions. The amount of the pension depends on the member’s number of contributions and average monthly salary credit. The monthly pension can be paid for up to five years or for the lifetime of the beneficiary.
In addition, the SSS also provides a dependent’s pension to the children of a deceased member who are below 21 years old, unmarried, and not gainfully employed. The dependent’s pension is also available to children who are over 21 years old but are physically or mentally handicapped.
The dependent’s pension can provide much-needed financial support for the children of a deceased member, especially if they are still in school or have special needs. It’s important to note that the dependent’s pension is only available to eligible children, and it’s important to check with the SSS to confirm eligibility.
Golden Haven can assist families in navigating the process of applying for and receiving these death benefits. Our experienced team can help guide families through the necessary paperwork and requirements, ensuring that the process is as smooth and stress-free as possible during this difficult time.
Lump Sum Amount
If there are no primary beneficiaries or if the primary beneficiaries are not qualified, a lump sum amount will be given to the secondary beneficiaries of the deceased member. The amount of the lump sum benefit depends on the number of contributions paid by the member.
In conclusion, it’s important to be aware of the SSS death benefits available to you in the event of the loss of a loved one. These benefits can help alleviate the financial burden that often comes with the loss of a family member. Golden Haven can also assist you during this difficult time, providing compassionate and personalized funeral services that honor the life of your loved one. Contact Golden Haven Chapels and Crematorium today to learn more about our funeral services and how we can assist you.
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