News From Terre Haute, Indiana

Seniors

January 18, 2010

Social Security: Basic facts on survivors insurance

TERRE HAUTE — At the start of a new year, many folks like to take stock of their situation in life — work, health, finances, etc. But most of us avoid doing much thinking about death, or what it might mean for surviving loved ones. Still, wouldn’t you feel better knowing that, if you were no longer living, your family wouldn’t have to depend only on any life insurance or savings you might have? Of course you would.

So here are some basic facts that may interest you about Social Security survivors insurance.

If you are working and paying into Social Security, some of your Social Security taxes go toward survivors insurance. In fact, for most workers, the value of the survivors insurance under Social Security may be more than the value of any life insurance policy owned.

Who can receive survivors benefits based on your work? Your surviving husband or wife may be able to receive full benefits at his or her full retirement age. They also can choose to take reduced Survivors benefits as early as age 60. And, if your surviving spouse is disabled, benefits can begin as early as age 50.

Your minor children also can receive benefits if they are living with you and depend on you for income — as long as they are under 18 or disabled. And if your widow or widower is taking care of your child or children under age 16, then she or he may be eligible for benefits at any age.

So, the best life insurance plan may be one you already have but perhaps didn’t know about. Now that you do know, it’s easy to learn more.

For more information on widows, widowers and other survivors benefits, and to get an idea of just how much those survivors benefits might be, visit socialsecurity.gov and select “Survivors” at the top of the page.

1
Text Only | Photo Reprints
Seniors
Latest News
TribStar.com Poll
AP Video
Israeli American Reservist Torn Over Return Six Indicted in StubHub Hacking Scheme Migrants Back in Honduras After US Deports Crash Kills Teen Pilot Seeking World Record Ariz. Inmate Dies 2 Hours After Execution Began Last Mass Lynching in U.S. Remains Unsolved Raw: Funeral for Man Who Died in NYPD Custody Raw: ISS Cargo Ship Launches in Kazakhstan LeBron James Sends Apology Treat to Neighbors Plane Crashes in Taiwan, Dozens Feared Dead Former NTSB Official: FAA Ban 'prudent' Robot Parking Valet Creates Stress-free Travel Raw: Mourners Gather As MH17 Bodies Transported Broncos Owner Steps Down Due to Alzheimer's Biden Decries Voting Restrictions in NAACP Talk Raw: Fight Breaks Out in Ukraine Parliament Bodies of MH17 Victims Arrive in the Netherlands Raw: Truck, Train Crash Leads to Fireball Disabled Veterans Memorial Nearing Completion US, UN Push Shuttle Diplomacy in Mideast
NDN Video
A Look Back at Batman On Film Through The Years Free Arturo - The World's Saddest Polar Bear Diamond Stone, Malik Newman, Josh Jackson and others showcase talent Swiftair Loses Contact With Air Algerie Aircraft LeBron James -- Dropped $2k On Cupcake Apology ... Proceeds To Benefit Charity Snoop Dogg Says He Smoked Weed at the White House Raw: Fight Breaks Out in Ukraine Parliament Chris Pratt Interrupts Interview To French Braid Intern's Hair Shirtless Super Mario Balotelli Dances While Ironing - @TheBuzzeronFOX Whoa! Watch "Housewives" Star Do the Unthinkable LeBron apologizes to neighbors with cupcakes Justin Bieber In Calvin Klein Underwear Shoot Samsung Pre-Trolls The IPhone 6 With New Ad Jimmy Kimmel Introduces His Baby Girl Swim Daily, Nina Agdal in the Cook Islands Guilty Dog Apologizes to Baby for Stealing Her Toy Prince George Turns 1 and is Already a Trendsetter Train Collides With Semi Truck Carrying Lighter Fluid Kanye West Tells-All on Wedding in "GQ" Interview Tony Dungy Weighs in on Michael Sam
Parade
Magazine

Click HERE to read all your Parade favorites including Hollywood Wire, Celebrity interviews and photo galleries, Food recipes and cooking tips, Games and lots more.
  • -

     

    March 12, 2010

activity