WHO IS ELIGIBLE?
Lump Sum Insurance Benefit is a one-time benefit payment to survivors of the deceased worker who died with less than the minimum required quarters of coverage for monthly benefits. The next of kin of a deceased worker who died with no eligible survivors to receive monthly benefits can also apply to receive a lump sum insurance benefit.
The Lump-Sum Insurance Benefit is paid in the following order:
- Surviving Spous
- Children in equal shares
- Parents in equal shares
- Duly appointed legal representative of the deceased
- If none of the above, the person or persons entitled under laws and local customs of the last domicile of the deceased
HOW CAN I APPLY?
To apply, please fill out an Application for Lump Sum Insurance Benefit and submit it with the required documents as listed in the application.
HOW MUCH CAN I RECEIVE IF I'M ELIGIBLE FOR LUMP SUM BENEFITS?
Once eligible, you are entitled to 6% of the basic benefit applicable to the deceased wage earner.
For example, if the cumulative covered earnings of a deceased wage earner was $80,000.00, the following calculation is made:
$80,000 x 6% = $4,800.00
ONE TIME PAYMENT TO A SURVIVING BENEFICIARY: $4,800.00
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