Group Life Cover is most one the most cost effective ways of providing a key benefit to your employees.  Providing for dependants in the event of death is a priority for most employees and for you to be providing this benefit shows your employees that you care about their families’ welfare .

Due to economies of scale and falling life cover rates it is possible to protect your employees for far less than they could actually buy their own life cover for.  It should also be noted that the premiums are treated as a business expense for  tax purposes so providing such an important benefit can work out to be quite a bit cheaper than previously thought.

There is minimal need for your employees to give medical evidence unless due to free cover limits which most providers offer.  Where medical evidence is required this can be carried out at home or in the work place by a qualified nurse or paramedic.  Alternatively, the employee can make an appointment with their own GP.

Group Life Cover can be a multiple of salary given as a lump sum benefit or as an income replacement benefit.  Rehabilitation schemes are also provided to enable practical and emotional support to anyone who might require it.  This includes family members, other members of staff effected by the loss of an employee and line managers to help them deal with the effects of staff morale in such a difficult time.

There are many different providers to choose from and premiums will vary between providers.  The Business Protection Company can help secure the best premium for the best cover based on our knowledge and contacts within the Group Protection market

If you want to find out more about Group Life Cover and would like a quotation please call us on 0870 080 2343 or complete the enquiry form and we will call you at a time more preferable to you.