Beneficiary Financial Counseling
Comprehensive financial guidance for family members coping with an employee’s death
The death of an employee has ripple effects on other employees, managers, your HR team and most importantly, their family. With emotions running high, the thought of having to unwind the deceased’s financial life only adds to the stress and anxiety of their loved ones. For many, it’s an overwhelming, complicated process and something they have never done before.
What does this have to do with your organization? With Cerity Partners Beneficiary Financial Counseling, you have an opportunity to ease this stress while positively impacting your firm.
Like life insurance, beneficiary financial counseling makes a meaningful difference in the lives of those left behind— providing a sense of hope when it’s needed most.
At Cerity Partners, we don’t just advise. We sympathize and empathize. We listen openly to the employee’s loved ones as they talk about their memories and concerns for the future. Then we help them examine each aspect of the deceased’s financial life and identify the actions that must be taken now and in the future to distribute funds, transfer assets and settle the estate. Our support includes:
Our goal is to help family members survive and ultimately thrive in their “new normal.”
“What’s our role?” “Are we going to receive calls from Cerity Partners in addition to the employee’s family?” “How much time does it take to administer?” We get it. You don’t want to add a benefit that makes the jobs of your HR team even more complex.
Cerity Partners manages the Beneficiary Financial Counseling program for you. Think of us as an extension of your HR team. We work with you to design the benefit and create the launch strategy then take it from there. We contact the family members, schedule meetings and guide them through the entire process.
When a client lost her husband after 40 years of marriage, she needed much more than a good investment plan. She needed a holistic, proactive, and objective team to guide her as she was confronted with important, and at times irrevocable, decisions in areas that were new to her.
Sean Moore
Partner
The last thing grieving loved ones want to hear is an investment sales pitch. It’s disrespectful and not the type of support they need. We provide objective advice and oversight that make a difficult situation more manageable and position the employee’s family – and your organization – for success.
Beneficiary Financial Counseling is a unique benefit that can build loyalty and demonstrate care to your employees. It is just one of the many ways we help you build competitive and effective compensation and benefits offerings.