Group Life Insurance

Offer employees the reassurance that their families will be financially secure should the worst happen.

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What is Group Life Insurance?

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Group Life Insurance is an affordable life insurance policy that delivers a lump sum to your employees’ families in the event of their death while they are employed by you.

Whether you employ 2 or 10,000 employees, this flexible policy allows you to tailor your coverage to your needs

Key features

Affordable

Spreading the risk across the whole workforce ensures the policy remains affordable for businesses of all sizes, from 2 employees upwards.

Customised

Tailor the policy to the needs of your workforce. Choose the size of the payment, and the level of benefit defined groups of employees will receive.

Flexible

A truly generous benefit; coverage for multiples of salary or a fixed amount is available.

Additional features available

The policy comes with additional support services for employees, such as bereavement counselling and mental health support (dependent on the insurer).

Generally, no medical checks

The lump sum payment is usually tax-free for your staff, and in most cases, they will not be asked for medical information.

The
business benefits

Retain top talent. Demonstrates your commitment to employee financial and emotional wellbeing, enhancing your company’s appeal as an employer of choice.

Boost employee morale and productivity. Providing financial security reduces stress and fosters a positive work environment, leading to higher engagement and productivity in the workplace.

Cost-effective benefit. A Group Life Insurance policy is an affordable way to provide a valuable benefit. Plus, premium rates can be guaranteed for 2 or 3 years, ensuring cost predictability.

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Interested in this benefit?

Our team would be delighted to answer any queries you have about our Group Life Insurance or any of our employee benefit solutions.

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FAQs

We want you to have the simplest, easiest experience possible when choosing the right employee benefits. But we know you might have a few questions. Read on for more information here. If you still have questions, talk to us.

Firstly, one of our Group Risk specialists will discuss your needs, whether you want a new policy or to transfer an existing one. We will define the basis of the cover and help you choose from the various setup options. You will then be asked to complete an employee data spreadsheet provided by us. Our team will gather quotes from leading insurers and, through discussion, help you determine the best fit for your needs. Next, we will guide you through the setup process, including trust arrangements and necessary declarations. After your policy is live, we provide year-round support and help with renewals.

Life insurance ensures that your employees feel secure that their loved ones will be cared for should they pass away. It is a way of demonstrating that you as an employer cares about the wellbeing of your employees and their dependents.

Every business and every workforce is unique. As such, we believe that your benefits package should be carefully curated to meet the needs of your staff, whilst also supporting your business’s goals. Our team scour the market, hand-picking the policies that will deliver the best return on your investment. You can present your team with a custom-built solution that’s perfect for them. What is more, our team will walk alongside you throughout the duration of your policy, offering administrative and technical support as needed.