Group life insurance is one of the most common employer-sponsored benefits, and is often the only way many
employees get access to life insurance cover.
Considering it can be low in cost, it offers great benefits to you and your employees:
- It gives employees peace of mind knowing that should they die, their families and dependants will receive a tax-free lump sum to help cover financial commitments
- It can assist with attracting and retaining talent within your business and also demonstrates your duty of care as an employer
With registered group life schemes needing to be compliant with HMRC requirements, it’s important your plan meets these along with the ever evolving government legislations such as state pension ages, and the
numerous discrimination acts.