Group Life Insurance
Group Life Insurance, commonly known as Death in Service, is a valuable benefit you can offer your employees.
Typically, Group Life Insurance is linked to the employee’s earnings (e.g., 4x their annual salary) and is paid out as a lump sum to chosen beneficiaries in the unfortunate event of the employee’s death while employed by your organisation.
Employee benefits:
01
Protect Your Loved Ones
Peace of mind, knowing their loved ones will receive financial support
02
Tax-Free Financial Support
Beneficiaries receive a tax-free lump sum payment
Employer benefits:
01
Cost Efficient
Cost-effective to provide
02
Valued Benefit
An expected and highly valued benefit by employees
03
Hassle-Free
Usually requires no medical underwriting
04
Enhance Employee Loyalty
A valuable tool for staff retention
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