What Are Living Benefits and Why Do They Matter?

July 22, 2021 | Tags: Employee Benefits

---

Life insurance provides your employees with the peace of mind that in the event of their death, their family will receive financial support *. But did you know that this important coverage can also offer your employees valuable living benefits that can be used while they’re alive? Life insurance plans can include access to services such as:

• Grief Counseling
• Employee Assistance Programs (EAPs)
• Will Preparation
• Travel Assistance
• Identify Theft Resolution

These common scenarios illustrate how your employees may benefit from these additional resources:

1. An employee loses a loved one unexpectedly and is having a hard time coping.

Helpful Resource: Grief Counseling

When people experience loss, they can often benefit from a helping hand. Talking with a grief counselor can provide valuable support during a difficult time. These visits are confidential and can help employees cope with loss as they heal.

2. An employee's spouse is struggling with depression and needs to talk to someone.

Helpful Resource: Employee Assistance Program

These programs offer confidential and personal support for your employees and their families for everyday challenges. This can include assistance with life transitions, legal problems, substance abuse and more.

3. An employee wants to proactively decide how their assets will be distributed if they pass away.

Helpful Resource: Will Preparation

Employees can protect their loved ones and their own personal wishes by creating a will. Having access to online will preparation services that take less than an hour can make this process much easier.

4. An employee realizes their identify was stolen and they don't know where to begin.

Helpful Resource: Identify Theft Resolution

When an employee has their identity compromised, they can turn to an experienced fraud specialist who can resolve financial, criminal or medical identify theft. Additional services, such as fraud alerts, cyber monitoring of financial accounts and assistance with law enforcement, can be set up to provide peace of mind.

5. An employee takes a vacation and needs medical emergency services from being badly injured on a hike.

Helpful Resource: Travel Assistance

Travel assistance programs can help employees locate the appropriate medical and non-medical emergency services in the location they’re traveling to ensure they have the extra protection while away from home. This offers peace of mind for employees during stressful times knowing they have a quick, direct resource to help them find access to doctors, hospitals, pharmacies and other useful services.