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Bereaved Child Benefit

At Serenia Life, we know that the death of both parents is a tragedy no child should ever have to face.

Support during this most difficult time

This benefit* provides financial stability to juvenile members whose parent(s) have died too soon, with $500 in monthly support.

How to set my child up

Bereaved-membership

Confirm membership.

This benefit is available if one parent** is a member*** of Serenia Life at the time of their death, or if a child is a member at the time of orphanhood****.

1 minute
Bereaved-consider coverage

Consider coverage.

If your child isn’t a member, consider protecting them in another way: the right life insurance policy can give them access to an ’emergency fund’ in future.

Within 24 hours
Bereaved-consider coverage

Submit an application.

Once you’ve made sure your child meets the eligibility requirements, simply print, complete, and mail the application form to Serenia Life.

5 minutes
Bereaved-membership

Confirm membership.

This benefit is available if one parent** is a member*** of Serenia Life at the time of their death, or if a child is a member at the time of orphanhood****.

1 minute
Bereaved-consider coverage

Consider coverage.

If your child isn’t a member, consider protecting them in another way: the right life insurance policy can give them access to an ’emergency fund’ in future.

Within 24 hours
Bereaved-consider coverage

Submit an application.

Once you’ve made sure your child meets the eligibility requirements, simply print, complete, and mail the application form to Serenia Life.

5 minutes

When will my child stop receiving the Bereaved Child Benefit?

Benefits will cease in the event your child:
  • is no longer a member of Serenia Life Financial
  • is legally adopted by a new parent
  • stops attending school for any reason other than being totally and continuously disabled
  • gets married
  • turns 19 years of age (with the exception noted below*****)

More questions?

We’re happy to help. Reach out to our Member Benefits team to learn more.

Apply for this benefit today

Want to protect your child in case of the unexpected?

5 minutes

 

*Serenia Life Financial’s member benefits and programs are not contractual. They are subject to change and maximum funding limits.

**Parent shall mean only one of the following:

1. A natural (biological) parent of a minor member who has custody of the minor member
2. An adoptive parent of a minor member who has custody of the minor member
3. An individual who has established parentage of the minor member by a Court Order and has custody of the minor member

Serenia Life Financial has the sole right to define and determine parent status and any interpretation of this definition made by Serenia Life Financial is final.

***If you: (1) own a Serenia Life Financial annuity product, (2) are insured under one of Serenia Life Financial’s products, and/or (3) became a policyowner after February 23, 2021, you are indeed a member.

****If at the time of orphanhood, the applicant is less than 60 days of age and is not a member of Serenia Life Financial, the applicant is eligible for the Bereaved Child Benefit if they become a member before their first birthday.

*****If an applicant reaches 19 years of age and is enrolled in full-time studies at an accredited secondary school or post-secondary institution on that date; and none of the events resulting in benefit cessation have occurred, the applicant may apply for a continuation of the Bereaved Child Benefit and, if eligible (as determined by Serenia Life Financial), the monthly benefit will continue to be paid until the earlier of: (i) the applicant’s 23rd birthday; or (ii) the applicant receiving a diploma or degree from a post-secondary institution; or (iii) any of the events resulting in benefit cessation occurs; or (iv) the applicant ceases to be enrolled in full-time studies at an accredited secondary school or post-secondary institution. To apply for extended benefits, please speak with your advisor to request form #505A.