The death of both parents is a tragedy no child should have to face. Through the Orphan Benefit, FaithLife Financial provides $500 a month to support juvenile members whose parent(s)* have died, to help provide stability at this most difficult time in a child’s life. (At least one parent* must have been a FaithLife Financial full member at the time of their death.)
- Applicant is orphaned by the death of the Applicant’s last surviving parent*;
- Applicant is less than 19 years of age, and
(i) A full member of FaithLife Financial at the time of orphanhood**, or
(ii) Not a member of FaithLife Financial but was previously declined for insurance by FaithLife Financial; and,
- One parent of the Applicant was a Member of FaithLife Financial at their 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.
Orphan Benefit Will Cease Upon
- The Applicant ceasing to be a member of FaithLife Financial; or
- The Applicant being legally adopted; or
- The Applicant ceasing to attend school for any reason other than being totally and continuously disabled; or
- The marriage of the Applicant; or
- The Applicant attaining 19 years of age (except as noted below***)
**If at the time of orphanhood the Applicant is less than 60 days of age and not a member of FaithLife Financial, the Applicant is eligible for the Orphan Benefit if the Applicant becomes a member of FaithLife Financial before the Applicants first birthday.
***If an Applicant attains the age of 19 years and on that date the Applicant is enrolled in full-time studies at an accredited secondary school or post-secondary institution and none of the events in Section B have occurred, an Applicant may apply for a continuation of the Orphan Benefit and if eligible (as determined by FaithLife 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 post-secondary institution; or, (iii) any of the events in Section B 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 use form #505A.
*Definition of Parent » “Parent” shall mean only one of the following:
- A natural (biological) parent of a minor member who has custody of the minor member;
- An adoptive parent of a minor member who has custody of the minor member; or;
- An individual who has established parentage of the minor member by a Court Order who has custody of the minor member;
As determined by FaithLife Financial in accordance with its policies in effect from time to time, provided specifically that at all times a natural (biological) parent or adoptive parent of a minor member whose legal rights and standing have been superseded by an adoptive parent of the minor member or an individual who has established parentage of the minor member by a Court Order, as the case may be, shall not be considered a Parent of the minor member in determining entitlement to an Orphan Benefit.
How to Apply
Contact your FaithLife Financial Representative or call our Member Services for more information. For more details see the Application for the Orphan Benefit form (PDF).
FaithLife Financial’s benefits and programs are not contractual. They are subject to change and maximum funding limits.
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