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Group Life Assurance and Dependants' Pensions.

Financial support for your employees' loved ones.

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

Benefits for you

  • A more competitive and attractive benefits package helps you 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 you choose.

Benefits for your employees

  • Peace of mind for them and their loved ones.
  • Lump sum and dependents’ 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 want 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. Also for insured employees that die whilst covered by the policy, their immediate family can receive free face-to-face bereavement counselling.
  • Consider our Group Life Mastertrust at no extra cost instead of setting up your own registered scheme.
  • Specialist cover for equity partners and limited liability partnerships (LLP).

Read our Group life assurance and dependants' pension technical guide (PDF: 2462KB)  for more details.

Proud to promote Healthtalk.ORG

We’ve partnered up with healthtalk.org, a charity that provides information and support for a range of health issues by sharing real life experiences, to help people understand what it’s really like to have a health condition. We believe this facility could provide invaluable support for employees as well as their family and colleagues, when faced with a potentially life changing condition.

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Benefits of Online Quote and Buy

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Benefits of our system
sme guide

GUIDE TO RECRUITMENT AND RETENTION

Guide to recruitment and retention (PDF: 1629KB)  to help employers recruit and retain the right staff.

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