Group Life Assurance

A cheap way to build a talented and loyal workforce

To attract quality staff and retain valued employees, your company has to offer a good benefits package. Group Life Insurance is a real crowd pleaser – and it’s one of the cheapest and easiest options to put in place.

What is Group Life Insurance?

Group Life Insurance pays a tax-free lump sum and/or a longer term income to an employee’s family if they die while they’re employed by your company. Although the premiums are paid by the employer, they aren’t treated as a benefit in kind – so they’re not subject to income tax.

Why you should consider it

  • Compared to other staff benefits such as private healthcare and income protection schemes, Group Life Insurance is relatively cheap.
  • Generous free cover limits mean that insurers require little or no medical evidence for most employees.
  • Many insurers provide bereavement counselling and probate helplines as part of your cover.
  • Unlike other types of life insurance, Group Life Insurance doesn’t have a set end date – so a policy will last as long as your company continues to pay the premiums.

How we can help

At Macbeth we specialise in corporate policies like Group Life Insurance. Our approach is simple, combining an honest assessment of your requirements with a clear explanation of all the options available to you. As an independent adviser, we have access to the entire insurance market – so we can find the best overall solution that gives you the cover you need at the most competitive price.

Simon has looked after our Group Death in Service protection for a number of years now providing us with great service. Because Macbeth are whole of market advisers I have complete confidence with regard to our pricing at renewal time knowing that Simon and his team will ensure that we have the right cover at the most competitive rates possible.”

Neil Head – Static Control Components (Europe) Ltd
 

 

 

Macbeth Financial Services Ltd is an Appointed Representative of 2plan wealth management Ltd. 2plan wealth management Ltd is authorised and regulated by the Financial Conduct Authority. It is entered on the Financial Services Register (www.fca.org.uk) under reference 461598  |  Registered in England & Wales No. 8542176  |  Registered Office: 4 Commerce Park, Brunel Road, Theale, Reading, Berkshire, RG7 4AB

Get in touch:   Reading: 0118 916 5480   London: 020 7036 8767   info@macbeths.co.uk