Corporate Life Insurance

In the event of the death of an employee this cover will provide, through a 'tax approved' scheme, a lump sum Life Assurance Benefit and/or a Dependants' Pension. The cash lump sum is normally free of inheritance tax.

Employees are more willing to join or stay with an employer who shows concern for their welfare and that of their families. By taking out Group Life Insurance employers can provide security to their employees without putting an unacceptable strain on company resources.

Due to economies of scale, premium rates are lower for group schemes than for individuals. The premiums also classed as a business expense so the cost can be further reduced by tax relief.