Group life
One of the most affordable and attractive employee benefits options, group life cover reassures your employees that should they die, their families and dependents will be cared for.
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 group life insurance policy will provide:
- a tax free lump sum to your employee’s family,
- up to four times the employee’s annual salary, and
- peace of mind
How does group life insurance help you and your business?
- Life insurance forms part of an attractive benefit package to attract and retain high calibre candidates
- As the risk is spread over a number of employees, premiums are usually cheaper than those paid for individual cover
- Advances in medical treatment and improved lifestyles mean that more people are living beyond retirement age, reducing the rates for life cover in recent years
- A group life cover scheme requires very little administration
If your business requires group life insurance, call PMI Health Group on 01606 352035, request a callback or complete our contact form and find out how we can help you.
