Group life insurance has become one of the most popular core employee benefits, giving valued employees peace of mind that their loved ones and financial dependents will be financially supported if they pass away whilst covered by the policy.
Group life insurance, also known as Death In Service, provides a tax efficient lump sum and/or a dependent’s workplace pension to your employee’s family if they pass away in service. At LDNfinance, our experienced advisers can support business owners by arranging a tailored group life assurance scheme that demonstrates their genuine commitment to employee welfare.
Group life insurance differs from individual life insurance as it is deemed an employer-sponsored term insurance; thereby offering life insurance at a reduced cost to your employees. There are two key benefits to group life assurance schemes for business owners. Firstly, premiums tend to qualify as a permissible business expense. Secondly, these policies help these business owners set themselves apart from other employers, by offering an attractive employee benefits package that gives something extra to their staff and their loved ones.
Independent and impartial advice on arranging a group life insurance scheme
At LDNfinance, we boast a pool of talented and experienced advisers committed to providing exceptional client service. We understand that no two businesses are the same. That’s why we take the time to understand your business’ unique requirements before finding a bespoke group life insurance scheme, tailored specifically to meet the needs of you and your employees. Where a group scheme is classed as “qualifying”, no medical underwriting is required.
Let’s discuss your business’ unique circumstances and arrange a bespoke group life insurance scheme that gives employees peace of mind should the unexpected happen.