Legacy Planning: An Employee Benefit for All Generations
Empower Your Team with Legacy Planning
As an HR professional or association leader, you understand the importance of offering comprehensive benefits that support your employees' overall well-being. Imagine providing your team with access to legacy planning (holistic estate planning) as part of their benefits package this November. With Legado, you can make this a reality.
The Details
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The Timing
Estate planning profoundly affects employees' lives and productivity. In 2023, 81% of employees who handled a loss reported their work was impacted for 10 months. Only 46% of will executors were aware of a will, and 53% are unaware that probate can cost 2%-10% of the estate. Providing estate planning benefits reduces stress and ensures smoother transitions during difficult times.
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The Opportunity
There is a significant opportunity to enhance employee benefits with estate planning services. Currently, 87% of workers do not receive these benefits, but over 72% would use them if available. Additionally, 67% of adults lack a health care proxy, leading to potential complications in emergencies. Offering estate planning benefits supports employees' well-being and boosts retention.
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The Timing
The time to offer estate planning benefits is now. With 90% of employees wanting more financial-focused benefits, introducing estate planning services meets this demand. As employees prepare for open enrollment this November, including estate planning as a benefit option enhances overall packages and shows a commitment to their long-term security.