Death Benefits
Loved ones who remain behind are faced with many expenses, such as the funeral, outstanding debt, and paying for their children’s education. We provide your employees and their families with financial assistance during this time.
- Different benefit options to choose from.
- Financial protection in a time they need it most.
- Children can continue their education.
Group Insurance Death Benefits
Lump Sum Death Benefit
It pays a lump sum amount to your employee’s beneficiaries if they pass away. This benefit provides essential financial protection for their families and beneficiaries in their time of need.
Accidental Death Benefit
It pays a lump sum if the employee passes away following an event such as a car accident or violent crime. It helps their family when faced with an unexpected crisis by providing financial assistance during this time.
Riskflex Benefit (death)
This benefit allows your employees to increase or decrease their level of cover for Death Benefits to suit their personal circumstances.
Funeral Benefit
It pays on the death of the employee or one of their family members. This benefit helps with the immediate expenses of a funeral and extra costs associated with the funeral.
Children’s Education Benefit
Every child deserves the right to a good education as part of their journey to success. Parents need to be sure that if they pass away, tuition fees will be covered so their children can continue to get the education they need.
Special Benefit for Children
Help to finance the ongoing needs of your employee's children if they pass away. It assists with the cost of the children’s education or extramural activities but is not limited to those costs only.
Spouse's and Children’s Pension Benefit
It pays a monthly amount to an employee’s spouse and children. It helps to make sure their family is taken care of long after they pass away.
Spouse’s Benefit
This benefit provides a single amount to your employees when their spouse passes away.
Other Group Insurance Benefits
Added to the Group Insurance solution, the FundsAtWork Umbrella Fund integrates two other products as a combined offering.
