When a death occurs in a family, it is a good idea to know whom to contact to find out what benefits the family, the beneficiaries or other persons are entitled to claim.
You can obtain forms for requesting survivor's pensions, orphan's pensions and death benefits at offices of the Canada Pension Plan and the Régie des rentes du Québec.
Your financial security advisor will provide information regarding your life insurance portfolio and will help you complete the forms required for your claim.
He can also help the family choose the most appropriate form of settlement for the death benefit. The benefit can be paid in a lump sum or in instalments, or left on deposit to earn interest. Your financial security advisor knows the advantages of each option and can explain them clearly.
Finally, the family must attentively read the deceased's insurance contracts covering disability, hospitalization costs, surgical costs, etc.
This information is presented for information purposes only and should not be considered to be legal or financial advice. For further information, contact a legal or financial advisor.