How long does it take before the beneficiary(ies) receive the death benefit payment(s)?
It depends on the complexity of the account, and in some cases how quickly ETF can locate the beneficiaries and how long it takes them to apply. Generally, the entire process can take several weeks. A named survivor of a joint and survivor annuity can sometimes receive payments more quickly. If there are multiple beneficiaries, we generally wait until all the beneficiaries have applied for the death benefit before payment is issued. However, if one or more beneficiaries delay application (or cannot be located), we will issue payment to the beneficiaries who have already applied.
Related Questions
- If a member is eligible for pension and dies in service without an insured death benefit or widows pension, is his beneficiary entitled to a refund of his contributions?
- How long does it take before the beneficiary(ies) receive the death benefit payment(s)?
- Does Social Security still make a death benefit payment toward funeral expenses?
