Group insurance for your employees
Working relationships are more than just professional relationships, the personal bonds and friendships between colleagues are strong.
As an employer it’s important to consider how you might deal with the death or serious illness of an employee and how you’d like to be able support their family.
The best things we do in life we do for others. Being able to be there for your employees and your employee’s family in their time of need is the right thing to do.
With a group life or critical illness insurance policy in place, you can make sure they’re looked after and supported, financially and emotionally.
- The perfect partner to a pension plan: Life insurance is a natural complement to pension savings. It provides pre-retirement security when your employees’ pensions may be small.
- No medical questions: With the insurance covering all employees in the organisation, or within a clearly defined group or management grade, in most cases your employees won’t need to answer any medical questions.
- It’s tax efficient. The premiums you pay are not treated as a P11D benefit for your employees, so there is no tax charge. The premium payment is considered a business expense for corporation tax purposes.
If you've been considering this type of policy for your team, get in touch.
