Many Americans depend on Social Security Benefits to fund Retirement and handle final expenses. However these benefits may not pay out how one thinks.
It is a difficult conversation to have. What happens after the passing of a spouse?
Left unspoken a staggering 75 percent of people leave their families exposed to the risk of financial devastation.
Social security offers Financial Benefits to spouses following a death.
The Survivor Benefit assists couples who have been married for over ten years, this benefit continues the higher of the Social Security Incomes and ends the lesser income.
The loss of income makes affording monthly expenses difficult for many families.
Social Security will pay $250 for burial expenses if one gets approved.
the average funeral costs between $7,000 and $10,000. Without depleting Retirement savings many families do not have this money at hand.