Orphan Benefit
The death of both parents is a tragedy no child should have to face. Through our Orphan Benefit, FaithLife Financial provides $1,000 a month to support juvenile members whose parents have died. At least one parent must have been a FaithLife Financial member.
Eligibility requirements
1. Applicant is orphaned (through the death of both parents).
2. Applicant is less than 19 years of age, and
(i) A member of FaithLife Financial at the time of orphanhood, or
(ii) If not a member, must have been declined for insurance by FaithLife Financial, or
(iii) Less than 60 days of age (see #6 below).
3. The applicant is the child (natural or adopted) of an eligible parent. An eligible parent is a father or mother who was a member of FaithLife Financial at the time of death.
Retroactive benefit payments are limited to the six-month period prior to the date of approval of this application.
FaithLife Financial has the sole right to define and determine the eligible applicant or parent status and any interpretation of this definition made by the Society is final.
How to apply
Contact your FaithLife Financial representative or call our Member Services/Care Centre for more information. For more details see the Orphan Benefit form.
Benefit will cease upon
1. Failure to continue FaithLife Financial membership, or
2. Legal adoption, or
3. Failure to attend school for reason other than disabling illness, or
4. Marriage, or
5. Attainment of 19th birthday (except as noted below), or
6. If less than 60 days of age at the time of orphanhood - and not a FaithLife Financial member at the time - failure to become a member before the first birthday.