The $255 Social Security Survivor Benefits Program
When a person with Social Security benefits dies and leaves behind a surviving spouse or child, Social Security may pay out two types of death benefits:
A special lump-sum death benefit of $255 and/or a payment that provides an ongoing monthly death benefit called a survivor benefit. This article is about the $255 lump-sum benefit.
$255, that’s the best our government can do?
According to our government, your life is worth only $255 when you pass? Isn't that a little bit insulting, attaching a price tag to someone's legacy. While families grieve when someone passes, those moments are about DIGNITY, LEGACY, and RESPECT.
If my family had to rely upon up the $255 that Social Security provides after my passing, there is not a megaphone large enough in heaven for me to be screaming profanities at the government for putting a $255 price tag on my life and expecting my family to be thankful for it.
Beware of the Snakeoil
This next part makes me feel irate. Ask anyone close to me and they will tell you the contempt I have for the prevalent bait-n-switch tactics in the life insurance industry.
Beware of postcards (direct mailing), internet ads and even Facebook posts about “State Regulated Benefits Program” that marketers, lead specialists and agents will place in front of you.
The Standard Direct Mail Post Card for Life Insurance - Note the Fine Print at Bottom
People that respond to these ads are VICTIMS. Victims because they are unsuspecting and trusting of the government, but it's NOT the government behind these ads. If you return this postcard, within 2-4 weeks you will receive a phone call or someone will show up at your door (unannounced). You might experience things like;
Beyond the obvious moral and ethical issues of these tactics is the fact that these agents are selling you the products (policies) that best serve THEM, NOT YOUR BEST INTEREST. I do not have enough fingers and toes to tell you how many times I have replaced a policy sold in this fashion.
I could go on forever, just please be aware of this tactic.
Ways to supplement the Social Security $255 Survivor Benefits Benefit
Okay, now that you know what NOT to do (what to look out for), what can you do to supplement the $255 from Social Security? Here is some valuable info to get you started;
You can easily find Funeral Insurance Online Quotes, like the one on our website, which is a GREAT place to start and will help send you in the right direction. Once you know the direction, find yourself a trusted and reliable agent/broker to verify the information about a policy you like and do one last check to see if there is anything better in the marketplace.
NOTE: On our website, we have a LIVE Online Quoter, an agent will message you and ask a few questions and deliver an instant quote to you, including "pricebuster" quotes from companies you can't find online!
Conclusion and Takeaway