Flexible and voluntary benefits

Why choose Legal & General?

• A voluntary product is an increasingly common element of a modern benefits scheme. This means that you offer appropriate benefits for your workforce to help you recruit and retain staff. Employees buy these benefits if they wish at advantageous rates, and pay by salary deduction.
• A flexible benefits scheme gives the employees a fixed sum of money to buy the benefits of their choice from a fixed selection. There can be a ‘core benefit’ that employees can top up to suit their personal needs.
• We’re the market leader in providing flexible and voluntary benefits.
• Our dedicated team will design a scheme to meet the employers’ needs and help with promotion of the scheme to employees.

How it works

• We can provide cover for a voluntary scheme for employers with a minimum potential membership of 2,500 employees. However, if the voluntary policy can be linked to another policy for the client that has a compulsory level of cover, we can usually accept a potential membership of 500 employees. Where this is not possible we may be able to offer terms with the introduction of a minimum premium. If the company has a scheme that is insured elsewhere we need the current membership to be at least 100.
• We can provide voluntary cover for life assurance benefit and/or critical illness benefit.
• For voluntary cover we’ll supply a table of rates for the calculation of premiums. The employer collates the premiums and pay them to us every month.
• We can provide cover for a flexible benefits scheme for employers with a minimum of 100 employees.
• We can include life assurance, dependants’ pension, critical illness, and group income protection cover in a flexible benefits scheme.

What next?

• Contact details
• Request a quote
• For information on making a claim for benefit go to Benefits Management.

Key documents

• Voluntary Life Assurance statement of terms (W8334) (pdf - 126 KB)
• Voluntary Group Critical Illness Cover terns and conditions (W9429) (pdf - 141 KB)
• Spouses Life Assurance statement of terms - W9950 (pdf - 118 KB)
• Group Critical Illness quote appendix (W9239) (pdf - 224 KB)
• Proposal Form for Voluntary Group Critical Illness Cover (W8463) (pdf - 102 KB)
• Multiflex at a glance (Q21624) (pdf - 68 KB)
• Flexible benefits - GIP application form (Q21968) (pdf - 64 KB)
• Multiflex Health Insurance review March 2009 (pdf - 171 KB)