The Legacy Benefit Program

December 17, 2019

No one is ever emotionally prepared for the death of a loved one. The emotional toll is fueled not only by grief, but also by the monetary cost of such an event.

On July 1, 2019, the Employee Benefit Plans added the Legacy Benefit Program to the Group Life Insurance Plan for all claims over $20,000.

Through the Legacy Benefit Program, beneficiaries have access to immediate emotional and financial support to meet their needs, including:
 
  • Grief counselling sessions for beneficiaries and their family members
Talking to a professional can be very helpful. Beneficiaries can access the grief counselling that’s right for their lifestyle and comfort level. They can choose from consultation by phone, through online chat, in person, and more.
 
  • A cash advance payment of up to $10,000 to help pay for immediate expenses, such as funeral costs
  • Access to a high-interest earning account, where the funds earn interest
Beneficiaries can access the funds in their high-interest account at any time. This allows beneficiaries the time they need to make a well-planned financial decision.
 
  • Financial guidance to help beneficiaries make decisions about the money that was left to them
Beneficiaries also have access to a certified financial planner who will provide professional financial guidance.
 
There is no cost to beneficiaries to use this program.

 


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