Death Benefits
When an employee or family member passes away, loved ones face funeral costs, debt, and daily expenses while grieving. Our death benefits provide financial protection during this time.
- You can choose from a range of benefits.
- Your employees will know that they are cared for, and will show up to succeed daily.
- Your employees are protected for unexpected life-changing events.
Group Insurance Death Benefits
Lump Sum Death Benefit
We pay a lump sum to beneficiaries after the employee passes away. This benefit provides essential financial protection for their family and beneficiaries in their time of greatest need.
Accidental death benefit
We pay a lump sum if the employee passes away from an accident. This benefit provides financial assistance to their family during an unexpected crisis.
Riskflex benefit (death)
You choose the default multiple for the lump sum death benefit. This benefit provides flexible cover, allowing employees to decide if they want to increase or decrease their level of cover based on their personal circumstances.
Funeral benefit
We pay if an employee or one of their family members passes away. This benefit helps with the immediate expenses of the funeral, but can also extend to assist with other costs associated with it.
Children’s education benefit
Every child deserves a good education as part of their own journey to success. This benefitgives employees peace of mind that if they pass away, their children will continue to getthe education they need, and it covers tuition from school to university.
Special benefit for children
We pay for the ongoing needs of the deceased employee’s children. The benefit pay-out can go towards the costs of education, extramural activities, or any other expenses related to the children.
Spouse's and children’s pension benefit
We pay a monthly amount to an employee’s spouse and children when the employee passes away. It helps to take care of their family without them having to worry about managing a lump sum.
Spouse's lump sum death benefit
We pay a lump sum to the employee to provide financial support 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.
