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Group Life Assurance and Dependants' Pensions.

Financial support for employees' loved ones.

Group life assurance is a valuable employee benefit, which can pay a tax free lump sum or taxable dependants' pension for the loved ones of an employee who dies whilst covered by the policy.

Benefits for employers

  • A more competitive and attractive benefits package helps your client recruit and keep the right staff.
  • Premiums will normally qualify for tax relief depending on scheme choices, including Excepted Group Life policies, also known as relevant life policies.
  • Usually costs less than 1% of payroll depending on the level of cover.

Benefits for employees

  • Peace of mind for them and their loved ones.
  • Lump sum and dependants' pension benefits can be paid without waiting for probate and free of inheritance tax.
  • This valuable cover is not classed as a benefit in kind.

Why choose us?

  • Available to employers who wants to cover 10 or more employees.
  • Easy to set up and straightforward administration with support from a dedicated team.
  • Most employees covered without medical information.
  • Simple and fast claim payments, usually within five working days of us accepting a claim.
  • Comprehensive employee assistance programme available free for employees of our Group Life Assurance and Dependants' Pension customers, including their employees we aren't covering.
  • For insured employees that die whilst covered by the policy, their immediate family can receive free face-to-face bereavement counselling. Find out more about Worklife Solutions.
  • Consider our Group Life Mastertrust at no extra cost instead of your client setting up their own registered scheme.
  • Specimen trusts and deeds to help your client set up and manage their own scheme.
  • Specialist cover for equity partners and limited liability partnerships (LLP).

Get a quote and read our  technical guide (PDF: 385KB) for more details.


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