When one of the most difficult situations occur in your workplace, Group life insurance will pay a lump sum death benefit.
Group Life insurance is a single contract which covers an entire group of people. Typically, the policy-owner is an employer and the policy provides cover for the employees should one of them die whilst employed by your organisation.
This policy is specifically for businesses that either employ staff and want to provide cover to their employees or for individuals that are self-employed and want to protect themselves. Providing peace of mind for the employees and their families as well as helping your business to attract and retain staff.
This insurance provides a lump sum benefit in the event that an employee or self-employed person dies during the period of insurance. £25,000, £50,000 or £100,000 of cover can be chosen. The period covered by this insurance policy is 1 year.
Unlike many other group life insurances you don’t need to have a minimum number of employees in your business to be eligible for cover. At the start date of cover either you or your employees will simply need to be actively working in the business for a minimum of 16 hours per week with either a UK contract of employment or registered with HMRC as self-employed and be under the age of 65.
To get immediate cover simply click on the “Get Quote” button Subject to you being able to answer a few short questions and meeting the underwriting criteria you will obtain a quote and be able to purchase cover online in minutes. It’s as quick and simple as that!