What is Group Life Insurance?
Group Life Insurance provides an employees dependant’s with a tax-free lump sum benefit and/or taxable pension should they die whilst in service. As one of the most cost effective and attractive employee benefits, it offers reassurance to your employees that should they die, their loved ones will be cared for.
The lump sum payment is typically a multiple of the employees salary or a fixed sum.
Most employees can get cover without having to answer any medical questions and the policy will pay out for all causes of death.
Many insurers include a bereavement services including telephone counselling and information packs to help an employees dependants when they need it most.
Contact us for more information or to arrange for an advisor to visit you.