Which statement about the Social Security lump-sum death benefit is correct?

Prepare for the CEBS Course 3 Exam with Group Benefits Associate and Retirement Plans Associate content using flashcards and multiple choice questions. Enhance your understanding with hints and explanations for each question, ensuring you're ready for success!

Multiple Choice

Which statement about the Social Security lump-sum death benefit is correct?

Explanation:
The key idea is that Social Security provides a one-time, fixed amount to help with burial costs for eligible survivors. That amount is $255. This payment is made to the deceased worker’s surviving spouse if the spouse was living with the worker at the time of death; if there’s no eligible surviving spouse, it can go to an eligible dependent child. If there are no eligible survivors, no payment is made. So the correct statement is that the lump-sum death benefit is $255. The other amounts listed aren’t correct, and the benefit isn’t paid only when there are no eligible survivors; it’s paid to an eligible survivor when one exists.

The key idea is that Social Security provides a one-time, fixed amount to help with burial costs for eligible survivors. That amount is $255. This payment is made to the deceased worker’s surviving spouse if the spouse was living with the worker at the time of death; if there’s no eligible surviving spouse, it can go to an eligible dependent child. If there are no eligible survivors, no payment is made. So the correct statement is that the lump-sum death benefit is $255. The other amounts listed aren’t correct, and the benefit isn’t paid only when there are no eligible survivors; it’s paid to an eligible survivor when one exists.

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy