Voluntary Group Benefits

Offering estate planning services like LVED.com as a voluntary group benefit can provide significant advantages for both employees and employers, particularly given the substantial time and emotional toll involved in settling an estate.

Here’s a concise explanation of why employers should consider this benefit:
Reducing Emotional and Administrative Burden: Settling an estate can take an average of 18 months and require over 500 hours of work, involving complex tasks like probate, asset distribution, and legal documentation. This process often coincides with grief, amplifying emotional stress for employees. LVED.com’s digital estate planning tools simplify the creation of wills, trusts, and other documents, helping employees prepare in advance. This preparation can minimize the emotional and logistical strain on their families, allowing employees to focus on work without the lingering worry of unresolved estate matters.
Enhancing Employee Well-Being and Productivity: The peace of mind from having an estate plan reduces anxiety about family security, healthcare decisions, and asset protection. Employees who feel supported in their financial and personal planning are more engaged and productive. By offering LVED.com, employers demonstrate care for employees’ long-term well-being, fostering loyalty and reducing stress-related absenteeism.
Attracting and Retaining Talent: In a competitive job market, unique benefits like estate planning set employers apart. Studies show 72% of employees without estate planning benefits would use them if offered, and 60% of workers prioritize benefits when choosing jobs. LVED.com’s accessible platform removes barriers like high legal costs and complexity, making it appealing across income levels and ages, thus enhancing retention and recruitment.
Cost-Effective and Inclusive Benefit: Estate planning through LVED.com can be offered at low or no cost to employers, with employees covering minimal fees via payroll deductions. Unlike traditional legal services, LVED.com’s online solution avoids expensive attorney fees, making it inclusive for diverse workforces. This aligns with growing demand for financial wellness benefits, especially post-COVID, when life planning became a priority.
By integrating LVED.com estate planning services, employers can alleviate the time-intensive and emotionally draining process of estate settlement, boosting employee morale, financial security, and workplace loyalty while positioning themselves as forward-thinking leaders in employee benefits.