Group Life Assurance
A Group Life Assurance scheme provides a lump sum benefit on death and may also provide a pension for the families and dependants of deceased employees. The lump sum benefit is normally based on a multiple of salary.
Key features and benefits:
- An inexpensive method of providing employees a much valued benefit
- Eliminates the moral dilemma should an employee die whilst carrying out duties of their employment
- Gives both employer, employee and their dependants, financial peace of mind
What you need to consider:
Premiums paid for this type of insurance are not regarded as a ‘benefit in kind’ for employees.
Our team of advisors are dedicated to finding the best life assurance policy available to suit your company’s requirements.