With a beneficiary fund or education benefit, your employees get peace of mind knowing that their dependants will get the maximum benefit from the proceeds of your group employee benefit scheme. This can include provision for future educational, medical and other needs, while protecting assets for their minor children and other family members.
At Cornerstone, we can help you prepare for your employees’ children’s financial future in two main ways:
Children’s Education Benefit
Every child deserves a good education as part of their own journey to success. This benefit gives your employees peace of mind that if they pass away, their children will continue to get the education they need. When an employee passes away, this benefit covers tuition from school to university.
Beneficiary Fund for Children
We all want to leave a legacy that allows our children to prosper even after we have passed. This benefit pays for the ongoing needs of the deceased employees’ children. The payout can go towards the costs of education, extramural activities, or any other expenses related to the children. Because this benefit will not form part of the estate, no executor’s fees are payable.
Why use Cornerstone for your child beneficiary funds?
It’s streamlined:
Because we set up and administer these funds on your behalf, we free up your resources to focus on your core business functions.
It helps you attract and retain talent:
Offering a child beneficiary fund makes your organisation more appealing to high calibre talent.
Promotes loyalty and productivity:
Investing in the future of your employees’ children makes those employees more likely to be loyal and productive, which in turn can boost your company performance.
Enhances your company image:
Offering a beneficiary fund demonstrates your commitment to social responsibility and employee welfare, thereby improving your overall reputation.
Interested in setting up a child beneficiary fund or education benefit for your employees?
