Some companies treat their employees well while they’re alive but provide a few death benefits. However, no other company has a program as rich as Google’s. The benefits for living employees are amazing but those for the deceased’s family are broad and unusual.
- The deceased’s spouse or domestic partner (can be same sex) receives 50% of their salary for 10 years.
- All of the dead Google employee’s stock vest immediately.
- Each child of the employee receives $1,000 per month until age 19…or age 23 for a full time student.
- And there’s no tenure requirement. All employees qualify.
Why does Google do this? Obviously, there’s no benefit to the company. However, according to Google’s Chief People Officer, Laszio Bock, the company feels that it’s important “to help our families through this horrific if inevitable life event.”
So, if you want your loved ones to be well cared for financially after you’re gone and you’re not super rich or you don’t have a ton of life insurance, get a job at Google and continue to work there until you die.