Group Life Cover
Irrespective of the size of your business, a company paid Group Life Plan shows genuine care for staff welfare, and helps build staff loyalty.
What is it?
A Group Life Plan is designed to provide financial protection for families and dependants in the event of the death of an employee.
Why choose a Group Life Plan?
- Shows genuine care for staff welfare
- One of the top 5 most popular benefits offered to employees
- Helps improve staff recruitment and retention
- Flexibility to choose different levels of cover for different categories of staff
- Low cost way to improve employees non-salary benefits package
- Does not normally incur a P11d charge to your employees
- Benefits can usually be paid free of inheritance tax if held within a Registered Trust
- May enable you to offset the premiums as a business expense against corporation tax
