Financial Matters

Benefits that the deceased would have received upon retirement are often available to the survivors. 

Check especially Social Security (in the United States), Canada Pension, life insurance, annuities, veterans benefits, and pension plans.

Most benefits do not come to you automatically. You must apply for them. This includes benefits from government programs.

Eligibility requirements and the amounts are always changing, so it is best to check directly with the agency for the latest information.

Before collecting money in person from banks, insurance companies, or other agencies, phone their offices.

They will tell you what documents to bring and what other information you must supply.

Some insurance companies require that the policy be returned to them. Before surrendering the document, be sure to photocopy it.

Keep a record of your activities: contact names, actions taken, follow-up required, and so on.

Here are the most common sources of cash and benefits:

• Bank accounts

• Bank loan

• Business ownership

• Canada Pension Plan (Income Security Program)

• Compassionate Travel Refunds

• Group benefits (company, fraternal orders, professional associations, unions)

• Insurance

• Loans owed to the deceased

• Savings plans and bonds

• Social Security (U.S.)

• Stocks

• Veteran's benefits

• Wages owing

• Workers' Compensation