Group Life Cover

Group Life Insurance is a great employee benefit that you can put in place for your staff. It provides their dependants with a lump sum and/or pension benefit in the event of your employee’s death. It can also play a major role in helping you retain good quality staff.

What are the benefits for your Company?

  • Group Life Insurance can be an important part of your staff’s remuneration package and a feature to support the attraction and retention of employees.
  • You decide the level of benefits provided. For example, you could set a different level of cover for general employees, senior staff and directors, based on a specified amount or a multiple of salary.
  • Under current tax legislation, premiums are treated as an allowable business expense for tax purposes.

What are the benefits for your staff?

  • Peace of mind knowing that their loved ones are looked after in the event of death while in your employment.
  • The reassurance that they are pursuing a career with a company that values them and their family.
  • The monthly premium will be paid by the employer and the employee should not be liable for Benefit in Kind on the premiums paid (based on current BIK rules).

GROUP LIFE COVER INSURANCE    Talk our life cover consultants.