Group Life Cover

A cost-effective and tax efficient life insurance plan to cover your employees.

  • Easy set up and administration
  • Low cost benefit valued by employees
  • Cover employees without submitting an application or medical information
  • Claims can be paid directly to the employee's beneficiaries or estate

We're with you every step of the way

From helping you understand the market place, to establishing cover through to making a claim, we're with you every step of the way.

Benefits of our Group Life Master Trust

Using our Discretionary Group Life Master Trust ensures benefits are distributed promptly and directly to the employee's beneficiaries easing the financial pressures on an employee's family in the event of their death.

Free Cover Limit

All employees can be covered up to a certain level of benefit without needing to provide medical information providing certainty and peace of mind.

Ease of set up and administration

Once the scheme has been set up you only have to inform the insurer of leavers and joiners once a year.

Ready to talk Group Life Cover?

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Talk to one of our consultants

The first step is to arrange a chat with one of our team.

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How many employees are needed for Group Life Cover?

Group Life Cover can be established for as little as 3 employees.

What level of cover is provided?

Cover is usually based on a multiple of the employee's basic salary, for example 2, 3 or 4 times salary.

A flat benefit e.g. a specific amount can also be established.

How much does it cost?

The cost of cover depends on the number of employees and level of benefit, but can be less than 1% of salary costs and is deductible as a business expense.

When is medical information required?

The insurers we work with will normally set a free cover limit below which employees are not required to provide medical evidence.

How are claims paid?

If the policy is held under a Discretionary Trust, the benefit is paid directly to the employee's nominated beneficiaries or estate.

If the policy is not held under Trust, the benefit is paid to the policyholder, usually the employer, who will then make payment to the employee's beneficiaries or estate.

Is the benefit taxable?

Cover of up to 4 times salary can be paid as a lump sum tax free, cover in excess of this figure, may be assessable to tax.

How do I get a quote?

The easiest way to get a no fee, no obligation quote is to call us on 01534 502000 or 01481 241534, or use our contact form and a member of our team will be in touch.

We give our clients clear, practical advice that helps them reach their financial goals. One day we all want to stop working, and we can help you prepare for that.

Advice you can trust


Clarity with integrity