Group Life Insurance.

Group life is a type of life insurance that provides cover to a large group of employees under a single contract.

Quick application process | No underwriting needed

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What is group life insurance?

Group life insurance is a type of life insurance plan that employers provide to a group of 3 or more employees. This policy offers a death-in-service benefit, meaning if an employee dies while with the company, a lump sum is paid to their beneficiaries.

Ideal for Small to Medium-Sized Businesses: Suitable for companies wanting to offer employee benefits.
Tax-Deductible: Employers can deduct the cost of premiums from their taxes.
Employee Retention: Enhances employee benefits, helping to retain staff by offering attractive company perks.

Perks of Group Life Insurance.

Great for businesses with 3 or more employees

Reduce premiums by up to 49% due to tax deductions

No underwriting needed - everyone gets covered!

Get a group life insurance quote

How much does group life cover cost?

Requires a minimum of three employees to qualify. This option is ideal for businesses with multiple employees, offering a straightforward way to provide life insurance cover without any underwriting.

Case Study:

Construction company looking for group life for 50 employees.

Policy type: Lump sum benefit basis

Cover for: All 50 employees (all employees of the employer between the ages of 16 and the day before the State Pension Age. Entry is immediate upon commencement of employment).

Cover amount: £150,000 per member

Monthly premium: £250.39

construction company_group life insurance

Why Get Group Life Insurance?

Opting for Group Life Insurance without individual underwriting offers several significant benefits for both employers and employees:

Group life Benefits:

1. Easy Application Process.

Without the need for individual medical assessments, the application process is quick and easy. This allows employees to obtain cover, quickly without the hassle of undergoing medical questions.

2. Inclusive Cover.

Group policies generally offer cover to all eligible employees regardless of their health status. This ensures that employees who might otherwise be declined or face higher premiums due to pre-existing conditions can still receive life insurance.

3. Cost-Effective For Employers.

By avoiding individual underwriting, employers can often get lower monthly premiums. This can make group life insurance a more affordable option compared to individually underwritten policies.

4. Boosts Employee Retention.

Providing comprehensive benefits, including life insurance without individual underwriting, demonstrates that the employer values their workforce. This can enhance employee satisfaction, loyalty, and retention.

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Things you should know about group life cover.

All group Life insurance policies MUST be written into Trust with the business as the owner of the policy. Benefits will be paid into a Discretionary Trust directly to the employee’s family.

Is group life insurance the right policy for your needs:

No underwriting is needed, its quick and easy to set-up
Paid for and taken out by the company for employees
Pays out a tax-free cash lump sum on the death and critical illness of an employee
Maximum term to the 75th Birthday of an employee
Cover can be decreasing or level term

Price Promise.

As an award-winning specialist Insurance Broker for those with medical conditions, non-standard occupations or participating in extreme sports we will never be beaten on price.

How to apply for group life insurance.

Applying for group life insurance couldn’t be easier, follow our 3 steps to protect you and your employees.

Contact us

Complete the contact form below.

Answer a few questions

We’ll call you to discuss your business needs.

Choose your cover

We’ll find cover to fit your needs and budget.

Start the application process today.

Members of the PDG.

The Insurance Surgery are members of the Protection Distributors Group (PDG). The PDG aims to help people find the protection they need by encouraging insurers and intermediaries to deliver better consumer outcomes.

Members of the BIBA.

The Insurance Surgery is a member of the British Insurance Brokers Association (BIBA), which represents and protects the best interests of our insurance broker and intermediary members and their customers.

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