Who is entitled to death benefit?
If no estate exists or if the executor has not applied for the death benefit, payment may be made to other persons who apply for the benefit in the following order of priority: the person or institution that has paid for or that is responsible for paying for the funeral expenses of the deceased; the next-of-kin of the deceased.
How do I apply for a death benefit?
If that is not the case, the survivor must apply for the death benefit within two years of the death. You can apply by calling Social Security at 800-772-1213 or visiting your local office. [Editor’s note: Local Social Security offices are currently closed to walk-in visits due to the COVID-19 pandemic.
Are death benefits subject to taxation?
The death benefits from these accounts may be subject to taxation. A death benefit is a payout to the beneficiary of a life insurance policy, annuity, or pension when the insured or annuitant dies. Beneficiaries must submit to the insurer proof of death and proof of the deceased's coverage.