What is the $5 Benefit Fee in the Cost a Bail Bond?

Bail Bonds Indianapolis Indiana 317-876-9600

Bail Bonds Indianapolis Indiana 317-876-9600

In Indiana, the cost of a bail bond can vary depending on the county, local ordinances, and the agency itself. By law, bail bondsmen cannot charge more than 15% of the total bond amount for their services. On average, Indiana bail agencies charge between 10 and 15% of the total bond amount for their services; as well as, certain additional costs if they apply. One additional cost is the Indiana Special Death Benefit Fee.

Continue reading to learn more about this special fee and the bail bond services included with the complete cost of bail in Indiana.

The Special Death Benefit Fee in Indiana

The special death benefit fee is a mandatory five dollar charge in addition to the cost of bail services in Indiana. Bail agencies are required to collect this fee, on top of the 10-15% they already charge. This is a survivor’s fee for families of officers killed in the line of duty in Indiana. Although a bail bond can be paid in various forms, the Line of Duty Death Benefit fee must be paid in exact cash.

This Survivor’s Fund supports the families of those who have lost their lives in the line of duty. Families are entitled to receive a one-time death benefit payment of $12,000 upon their loved one’s death for funeral expenses and more. There are several other advantages to this fund other than financial support, too.

Additional Advantages to the Survivor’s Benefit Fund

This charity gives families opportunities that they could not otherwise have, after suffering the loss of a spouse or loved one in the force. Other than financial assistance for funeral arrangements, the Death Benefit Fee contributes to special prospects for children and spouses of departed Indiana police officers. One of these additional opportunities is a college fund for children of fallen officers. Any son or daughter of a police officer killed on duty is not required to pay school tuition fees; so long as the child is under the age of twenty three, enrolls in a state-supported college, and maintains full-time school hours. This benefit also applies to children of volunteer firefighters, paid firemen, county police reserve officers, and law enforcement officers.

Another advantage of the Line of Duty Death Benefit fund supports wives and husbands of fallen public safety officials. The charity gives spouses an opportunity to attend college without paying tuition fees, so long as they are pursuing an arranged course of study to an undergraduate’s degree. They, of course, are required to also maintain full-time course hours in a state supported college or technical school.

Kid’s Chance, Inc. of Indiana

Kid’s Chance, Inc. is a scholarship program for children of deceased or disabled parents, permanently injured or killed in the line of duty. This non-profit corporation provides scholarships for kids between the ages of 16 and 22 who qualify. The grants pay for one year of tuition, books, and meals for high school, college, and technical school students that attend full-time in Indiana. Student must maintain good grades to qualify and continue their studentship.

Woods Bail Bonds

Bail Bonds Hamilton County

Hamilton County Bail Bonds 317-770-7400

Call Woods Bail Bonds in Hamilton County, Indiana at 317-770-7400 for more information about the five dollar benefit fee added to the total cost of bail bond services. You can speak with owner, James Woods, or an equally knowledgeable member of the Woods team. We are happy to answer any questions you have about bail bonds and the Line of Duty Benefit Fee charge. You can trust Woods Bail Bonds for the most accurate and up-to-date information about the Special Death Benefit Fee in Indiana, as well as, bail bond services, and more. Call 317-770-7400 for fast and friendly bail bond services in Hamilton County, IN today.

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