Does Social Security Offer Life Insurance?

  1. 63333 POINTS
    Peggy Mace
    Most of the U.S.
    No, Social Security does not offer life insurance. There are really no federal or state provisions for life insurance, except a minimal amount allotted for funeral or burial costs if one is on Medicaid, or a military veteran. This allotment is not enough to cover even a minimal service and cremation. So it is vital to take care of this important need on one's own with a private policy, through savings, or a pre-need funeral plan.
    Answered on August 3, 2013
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