Guide on SSS Funeral Benefit Beneficiaries Qualification
SSS FUNERAL BENEFIT – Here is a guide on the qualified beneficiaries under the Funeral Benefit offer of the Social Security System.
In the Philippines, most of the people working in the private sector are members of the Social Security System (SSS). It is a state-run social insurance institution that is one of the biggest in the country. Some of its members are self-employed individuals and those who applied for a voluntary membership to the institution.
Every month, members of the SSS contribute a certain amount to the social insurance institution. The contribution is based on the salary of the member. The total contributions is the basis for a member’s qualification to the benefits and loan offers of the social insurance institution.
The Social Security System has several benefits not only for the members but as well as the immediate family or the beneficiaries of the members.
What many SSS members like about their membership to the social insurance institution is that the benefit extends to their beneficiaries in case they would pass away. It is an assurance that the family has something to turn to for assistance because of the SSS Funeral Benefit.
Who are the qualified beneficiaries of the SSS Funeral Benefit? According to the Social Security System, the following are the primary beneficiaries:
- dependent spouse until he or she marries again
- dependent legitimate, legitimated or legally adopted and illegitimate children who are below 21 years old, not gainfully employed, and not married
The beneficiaries will receive either a lump sum or a monthly pension of the deceased member of the Social Security System. What are the qualifications for the monthly pension and the lump sum? You may visit – SSS Funeral Benefits: Who gets the monthly pension & lump sum.
Aside from the benefits, SSS also has loan offers. For a multi-purpose loan, you may check on – SSS Salary Loan: Minimum & Maximum Loanable Cash Amounts.