The death of a family member is always an incredibly difficult time. When that person was also a breadwinner, this can also lead to financial difficulties.
Apart from a sudden loss of income, there can be other, unexpected implications; a company car to replace or arranging childcare that was previously unnecessary. With group life cover you can offer your staff a degree of security and a reassurance that in the event of death in service their dependents will have money immediately available to them.
Sometimes the financial consequences of the death of an employee’s partner can be just as profound. It may even lead to the employee giving up work. Extending the cover to spouse and partner, to provide a lump sum in the event of either partner’s death before 70, is a logical step.
RED ARC bereavement support
If an employee dies, their family can speak to RED ARC's trained nurses, who will listen and do anything they can to help. For example, they can arrange bereavement counselling, or complementary therapy to relieve stress and depression. This is real, useful help and it means you're taking the extra step to care for your employees and their families.
RED ARC can also support line managers and colleagues coping with bereavement. Learn more about RED ARC bereavement support
Bereavement Support
We recognise that if the worst happens, employees need more than just financial support.
Further information... Who should I talk to?
Speak to your financial adviser to find out more. If you don't have an adviser, the IFA Promotion Service or the Society of Financial Advisers can help you find one.