VOLUNTARY GROUP PARTICIPATION



High value benefits for employees

Group legal services are one of the fastest growing benefits offered by leading employers. They are an easy, cost-effective way to give employees affordable access to quality legal representation - something that the average South African doesn't have access to.

Group legal and estate plans exist to reduce these barriers to legal assistance. Simply put, group legal plans take the high costs and uncertainty out of the equation when it comes to legal, estate and heritage planning. By offering legal representation through a managed network, legal and estate plans like Myprotector's provide access to top quality attorneys at an affordable, fixed monthly price.





  Why offer Legal & estate plans?


There are changes in the financial and legal services industries that will have an impact of the way people obtain assistance, such as:

RDR
The retail distribution review will force financial advisors to charge an hourly rate for their services as opposed to commissions. This will disrupt the industry in the medium term and could limit people's access to financial advice.

Legal fee standardisation
The legal industry is still not ready to adjust their fees and smooth out the rates for members of the public. This continues to be a barrier to legal representation for the average person.





What's the way forward?


Voluntary group legal plans empower people to deal with their personal legal matters quickly and affordably, relieving the stress and expense of dealing with legal matters and ultimately meeting their needs.


So, the question as an enterprise becomes, 'How do I assist my employees so that we actually help employees and their family when tragedy strikes?'
 




Legal & estate plans for all


By having access to a voluntary group scheme, you will have the peace of mind of knowing that you’ll be prepared when tragedy strikes.

Finances are often closely tied to financially driven legal needs. With a group legal and estate from Myprotector, you reap the benefits of having affordable, quality legal services readily available.


While organisational-oriented benefits are more traditional structures for benefits, many medium to small enterprises are finding consumer-oriented benefits are of equally high value to employees, are typically more flexible, and also more affordable.





Estate and legal plans | FAQ's


Firstly! Is it affordable?  

Yes. Myprotector has structured its own inhouse legal service offerings and negotiated benefits in the legal industry to be able to offer the estate and legal plans at group benefit rates to ensure that everyone can benefit from the services.

Will it protect members of their family as well as themselves?  

Yes! Myprotector offers 4 solutions. Each plen differs in family size and levels of benefits.

Is the estate and legal plan portable if members leave the employment?  

Yes! Everyone will be able to continue with their estate and legal plan if they are no longer self-employed or stop working for a small business.

How does the plan compare with other legal plans?  

Myprotector is a very innovative company and prides itself on offering great solutions in unique but effective ways. Our approach is to link key role players in the industry together and to structure benefits and services to help the majority of middle to lower income groups with all their legal matters.

Does it include ongoing estate, legal and heritage preservation education?  

Yes! Myprotector has a built-in education hub as well as an ongoing planning strategy that guides employees through the maze of information. The platform allows each employee a way to access help where they need personalised education or assistance.

Is there a waiting period for benefits?  

No! Everyone will be be able to enjoy the services from the day they are activated.

Are there co-payment services and how would they be claimed?  

Yes, These are services that the firm of attorneys who are networked to Myprotector and who offer our subscribers specialist services over and above the fundamental services that are offered by Myprotector. Myprotector will subsidise the cost of services offered by our network providers up to certain maximums.

How does the estate and legal plan work?  

Starting is easy. You simply complete the online payment gateway (or employees do it as a group) and then fill in a short application form. The system takes them through the rest of the steps. Once activated, each person will receive an emailed planning strategy that provides them about the estate and legal services and education. Every now and then, we will provide you with ZERO COST services to help you secure a proper estate plan with all the basic legal document. This is a guided process and the work is done by qualified attorneys at no charge. A full description about how it all works is found on the main web page.

Is the plan stand-alone and voluntary or will it be included into existing benefits?  

The Myprotector estate and legal plans are stand-alone benefits. However, a company may wish to include them into their existing employee benefit package if they wish to.

Can people cancel their plan at anytime?  

Yes! There is no problem with canceling at any time. However, Myprotector will engage with the person to make certain that they understand the risks of doing so.

How will the plan support the self-employed or small business?  

When an person passes away, our legal team will need to be notified alongside pension fund administrators etc. Myprotector has a dedicated call centre that instantly notifies the employer, any advisors, executors or pension fund administrators. We collaborate with all key role-players.









Need advice about your group's benefits?

Contact us to discuss how we can offer you easy access to estate & legal plans.







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Ernest & Young (EY) research highlights how the pandemic has increased consumer demand for products that feature more financial protections and emphasize physical and mental well-being. Worker benefits won’t necessarily address all of these needs, but packages can be structured to more deliver the outcomes consumers are seeking (e.g., more financial security, less psychological stress).