Global group life cover
Global Group Life from PMI Health Group offers yours business a cost effective and tax efficient way of encouraging staff retention and creating a happy and loyal workforce.
A good employee benefits package can be the key to ensuring your employees still feel valued during an overseas placement – Group Life is one of the most affordable and attractive options and gives peace of mind to employees working in particularly hostile and dangerous environments.
Our experienced consultants can select the cover that is right for you and your employees, reassuring them that should they die, the cover will take care of their families and dependents.
The benefits to employees
An unexpected death can have far-reaching consequences at a time of considerable stress, with families facing funeral and other expenses. In many cases, they are left having to pay off outstanding financial commitments or debts, and often have to contend with a sizeable drop in income.
A Global Group Life policy will give your employees:
- Reassurance that should they die their family and dependants will be cared for
- A lump sum payable to the employee’s family, usually based on a multiple of the employees’ annual salary
As a group policy spreads the risk over a number of employees, premiums are usually cheaper than if you paid for individual cover.
Benefits to you and your business
- Cost reduction: employer contributions are usually considered a business expense, therefore profiting from tax relief
- Become an employer of choice and demonstrate your moral responsibilities to employees
- Meet today’s bourgeoning employee remuneration expectations
- A Group Life scheme requires very little administration
