Employee Life Insurance

Why buy Employee Life Insurance?

Employee Life Insurance is highly valued by staff helping you attract and retain the best talent. Life Insurance provides financial assistance for families at the worst of times. Life Insurance is generally tax efficient for both you as an employer and for your employees.

How does this help my staff?

When the main bread winner unexpectedly dies, the family not only loses someone special, but the family finances are at maximum stress levels. Financial certainty, fast pay outs & added extras (such as bereavement counselling) help give peace of mind to your team, should the worst happen.

What are the benefits to my business?

Employee Life Insurance is tax efficient as premiums are an allowable expense against Corporation Tax. Individual life assurance is expensive & complicated, so providing this benefit is appreciated & can help with staff retention & recruitment.

What do companies like mine do?

Small & Medium-sized Employers often provide Group Life policies as the first benefit after the Workplace Pension. It is cost-effective and tax efficient for both the employer and the employee and it stands out as the benefit most appreciated by employees.

Providing a fixed payment on death (typically £50,000) provides simple and effective peace of mind for your employees.