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Group Life Insurance

A Tax Free Lump Sum for your Employees Family

What is Group Life Insurance?

Group Life Insurance enables employers to give a tax free lump sum to an employee's family and children should they die in service.

How does Group Life Insurance work?

If an employee is covered by your Group Life Insurance and dies while they are on your payroll then a tax free lump sum is payable to their family and dependents.
This lump sum is a multiple of their salary, for example, 2 or 4 x salary. The multiple is chosen by you as the employer.

A group life assurance scheme enables employers to provide a tax free lump sum benefit and/or a dependant's pension to an employee's family and children, if they should die in service. Provision of a group life assurance scheme goes a long way towards demonstrating an employer's duty of care.

Benefits of Group Life Insurance for Employers

Benefits of Group Life Insurance for Employees

Group Life Insurance providers we use

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