Group life

Group life assurance offers financial protection for your employees’ families and dependants by providing a tax-free lump sum in the event of the employee’s death whilst in your employment.

It is written as an insurance policy in the name of the employer and offers cover for a group of employees rather than just one individual. The employer acts as a trustee of the cash paid out in the event of a claim, making sure that it reaches the dependants of the deceased employee.

Life insurance is seen as a valuable benefit and many employees would expect to see this as part of their terms of contract. It may also be seen as an incentive to attract higher calibre recruits.

If you are looking for cover or already have a scheme in place, Luker Rowe can review the whole of the market and negotiate on rates. We understand the complexities of the policies available and their terms and conditions, and are well-positioned.

Talk to our team on 01494 733337