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Social Security's Survivors Benefit Leaves Loved Ones With Funding

When one thinks of Social Security, the two most common thoughts that come to mind are probably retirement and disability benefits.

When a person is working and paying into Social Security they are paying into what is called their Survivors Benefit. Kevin Rice with Social Security explains the beneficiary could be a child, a widow or even on some occasions an elderly parent.

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For younger people working, the families would become the beneficiaries. Rice says the work requirement depends on how old a person is. The older a person gets the work requirements increase.

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In the unfortunate scenario a loved one passes away, Rice notes there is a one time payment which is a small payment. After though, the Survivors Benefit becomes a lifetime benefit.

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For more information on the Survivors Benefit and learn more about the various requirements, you can visit socialsecurity.gov or stop in at your local Social Security office.

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