Long Term: Survivor’s Grant (One Lump Sum)
HOW TO QUALIFY
| YOU MUST | REQUIREMENTS | TIME REQUIREMENT |
|---|---|---|
| If the deceased insured contributor is not entitled to either a Retirement or an Invalidity Pension, but has at least 26 paid contributions, then a grant is payable to his/her survivors (widow/widower, child or parent) | Present Social Security card or birth certificate of all survivors claiming benefit | Submit claim on prescribed form (SVB1) for widow(er) & children AND (SVB4) for parent(s) |
| WIDOWER- Must be an invalid without any source of income, who was fully dependent on deceased insured spouse, for three or more years | Present death certificate of insured contributor signed and dated by a registered doctor in Belize | Please click here to download required forms SVB1 |
| CHILDREN- Includes biological, step children or adopted children of the deceased insured contributor | Social Security card or birth certificate of deceased insured contributor. | Claim should be made within 13 weeks after date of death of insured contributor |
| PARENTS- Must be 55 years or over. If the deceased insured contributor has no widow/widower or children, parents can claim | When spouse is applying, present marriage certificate or valid declaration to prove common-law union | |
| WIDOW Must:- Have care of deceased insured contributor’s children or be pregnant for deceased insured contributor- Be 50 years or over- Have been spouse of deceased for no less than 3 years | ||
| WIDOWER Must: – Be permanently incapable of self-support and was wholly dependent on the deceased | ||
| Must provide bank account or an account number from any other financial institution |
RATE AND PAYMENT OF BENEFIT
Formula:
6 x sum of insurable earnings in best 3 years of contributions ÷ 150 x units of 50 contributions; or
2.5 x sum of weekly insurable earnings ÷ no. of contributions x units of 50 contributions(whichever is higher)
If maximum benefit (100%)
is exceeded, each share is reduced accordingly
If the deceased insured
person is not entitled to either a Retirement or an Invalidity Pension, but has at least 26 paid contributions, then a grant is payable to his/her survivors (widow/widower, child or parent)
It is a One-time payment
INDIVIDUAL PORTIONS
• widow/widower: 66.67%
• invalid children: 40%
• other children: 25%
• parent: 40%