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Group Life Assurance Cover

A Group Life Assurance policy covers all eligible employees and, under HM Revenue & Customs rules, can provide cover for death in service up to the standard lifetime allowance (currently £1,750,000 for 2009/2010).

Group life policies tend to be cheaper to provide than individual cover arranged by an employee. This is because the greater number of people in the scheme means that the group of people is more likely to conform to average life expectancy rates.

Such schemes can be very cost effective for employers to set up. The value of a Group Life Assurance scheme to an employer is to provide peace of mind for your staff, which helps to attract and retain good employees.

Please E-mail Shirebrook for more information or contact us for an assessment of your requirements.

 

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Also in the Employee Benefits section:

Group Life Assurance

Group Critical Illness Cover

Private Medical Insurance

Group Income Protection