Group Life Assurance

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Group Life Assurance is one of the most important insurance products you can provide for your people. It offers cover to help an employee’s family cope financially and emotionally following an untimely death. Our knowledge of the corporate life insurance market enables us to recommend the right product for you and your people.

70% of the UK population have no life insurance​

Group Life Assurance is considered an essential employee benefit, providing valuable financial peace of mind, knowing loved ones will be provided for  in the event of their death, at what will undoubtedly be a very difficult time. It also demonstrates that an employer cares for the welfare of its workforce and their dependants.

By enacting a Group life policy for your employees, you:​​

  • Provide cover for an employee’s spouse or partner.
  • Provide essential cover in the most serious circumstances. 
  • Demonstrate a culture that prioritises health and wellbeing.
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Why do you need Group Life Insurance?

As part of a suite of benefits, Group Life Assurance helps your people to put plans in place for that day when they may no longer be around. In our experience, it is one of the most valued benefits and very simple to implement. Group life assurance is a valuable employee benefit as it helps provide financial security for the families of employees in case of their untimely death. The coverage amount is often a multiple of the employee’s salary, and it can be an essential component of a comprehensive benefits package.

The benefits

Benefits to the employer

  • Enhances your ability to retain and attract the best talent with a competitive benefits package
  • Demonstrates a genuine care for the welfare of your people
  • Reassures your people that their efforts in the workplace really count

Benefits to the employee

  • Provides peace of mind and reassurance for your people and their loved ones
  • Premiums paid on an employee’s behalf are not treated as a benefit in kind, so are not subject to income tax
  • Any lump sum payable to beneficiaries is not subject to Inheritance Tax
  • Provides an employee’s family with financial support and help should the worst happen
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Dan Cockram

Employee Benefits Director
Dan Cockram Headshot

Dan Cockram

Employee Benefits Director