1. Anthony passed away last week, and his family applied for a death benefit from SSS. He only had 30 months of contributions, and so his family is not qualified to receive a basic monthly pension but instead a lump sum amount is granted to the primary beneficiaries.2. Mitch just passed away and his family applied for a funeral grant from SSS, they will then receive an amount of money based on the deceased member’s number of paid contributions and average monthly salary credit.

For a member of SSS to claim a lifetime monthly pension, he must be at least 60 years old and have at least _____________ monthly contributions.

Under the life income option, the amount received by the beneficiary depends on the and attained of the individual receiving the benefits at the time of the insured's death.

Natasha, who is 37, and her husband Tyrone, who is 42, have been members of a superannuationfund for many years. They have two children under 18 years old. Unfortunately, Tyrone is tragicallykilled in a road accident. The superannuation fund permits death benefits to be paid as a lump sum or asan income stream. Provide your advice to Natasha about the advantages and disadvantages of her takinga lump sum compared to an income stream and the taxation consequences of each option

Cash-value policies provide a death benefit and a(n) account.

The Social Security benefits that retirees receive are funded primarily byMultiple Choiceborrowed funds, which contribute to the national debt.equal contributions from the national and state governments.None of these answers are correct.income tax contributions they made in the past, which were put into a trust fund from which current payments are made.payroll taxes on those who worked or are now working.