# Benefit 1: Benefit Payout

The LifeDAO is a mutual protection community that is an alternative to life insurance. In the event of a member’s passing, his designated beneficiaries will receive a lump sum payout based on his annual contribution, his individual risk index (B.BM) and the overall fund health index (BM.A). 

<table data-header-hidden><thead><tr><th></th><th width="66"></th><th></th><th width="40"></th><th></th><th width="44"></th><th></th></tr></thead><tbody><tr><td>Benefit payout</td><td>=</td><td>Individual Risk aka Base Benefit Multiplier (B.BM)</td><td>x</td><td>Overall Fund Health aka Benefit Multiplier Adjuster (BM.A)</td><td>x</td><td>Individual Annual Contribution</td></tr></tbody></table>

The beneficiaries are required to report the passing of the member and upload supporting documents to initiate the Payout process. The beneficiary may elect to receive a USDC or other stablecoin payment or payment in fiat[^1] through our offramp partners.&#x20;

For more details about how Benefit Payouts are calculated, please refer to the Takadao Whitepaper.

[^1]: Please note that fiat payments are not supported in all countries.&#x20;


---

# Agent Instructions: Querying This Documentation

If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question.

Perform an HTTP GET request on the current page URL with the `ask` query parameter:

```
GET https://docs.takadao.io/tld-whitepaper/part-ii-the-lifedao-membership/the-lifedao-membership/benefit-1-benefit-payout.md?ask=<question>
```

The question should be specific, self-contained, and written in natural language.
The response will contain a direct answer to the question and relevant excerpts and sources from the documentation.

Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.