Survivor Checklist: How Your Spouse can Receive Verizon Benefits Your After Your Death
Nancy Johnson BSN, PHN
CareStat- Recruiting holding company for Techstaffer, FinancialStaffer and ArisaPro
We’ve all been thinking a little but more about health and family given the recent world events. I’ve had many clients reach out to me about passing on their benefits to a loved one after they pass away. Many of these clients happened to be current or former Verizon employees. So I decided to look into survivor benefits specifically for Verizon.
What your survivor needs to do
- Report your death. Your spouse, a family member or even a friend should call the VZ Benefits Service Center as soon as possible to report your death.
- Collect life insurance benefits. Your spouse or other named beneficiary will need to call the VZ Benefits Service Center to collect life insurance benefits.
If you have a joint pension
- Start the joint pension payments. The joint pension is not automatic. Your joint pensioner will need to complete and return the paperwork from the VZ Pension Call Center to start receiving joint pension payments. Read more here...
Sources:
- The Retirement Group or www.theretirementgroup.com
- “Retirement Plans-Benefits & Savings.†U.S. Department of Labor, 2019, www.dol.gov/general/topic/retirement.
- “Generating Income That Will Last throughout Retirement.†Fidelity, 22 Jan. 2019, www.fidelity.com/viewpoints/retirement/income-that-can-last-lifetime.