What is a Social Security Survivor Benefit?

Study for the AD Banker Life and Health Exam. Utilize flashcards and multiple choice questions, each with hints and explanations. Prepare effectively for your test!

A Social Security Survivor Benefit is designed to provide financial assistance to the dependents of a deceased worker who has earned sufficient Social Security credits. When a worker passes away, their eligible family members, such as a spouse or children, can receive these benefits to help maintain financial stability after the loss of their primary income earner. This support is crucial for families, ensuring they have a continuous source of income to cover living expenses, thereby alleviating some of the financial burdens that arise during a difficult time.

In contrast, the other options do not accurately represent the nature of Social Security Survivor Benefits. Cash payments to retirees refer to retirement benefits received by individuals who reach retirement age, rather than dependents of the deceased. A one-time payment to the deceased's estate does not capture the ongoing income nature of survivor benefits, which are typically provided for a sustained period to dependents rather than as a singular payment. Lastly, a government pension for the elderly describes retirement benefits available to seniors based on their work history, not specific provisions for survivors of a deceased worker.

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