A Group Life Scheme is a death in service benefit for your employees. This gives your employees the peace of mind of knowing that if they were to die whilst working for you and as part of the Group Scheme, their dependants would receive a lump sum that would make life easier if they were not around to provide an income for their family.
Schemes can be set up for all employees or just some employees. As the employer, you can decide what the criteria is for joining the scheme and what level of cover individuals should have. Levels of cover are based on a multiple of salary or a fixed amount. Terms are based on your requirements, like for a number of years or to retirement age.
Who is a Group Life Scheme suitable for?
Employers with 10 employees or more
Employers that want to provide extra benefits for their staff
Specialist Protection is the trading name of Ann Griffiths Ltd and is an Appointed Representative of Stonebridge Group which is authorised and regulated by the Financial Conduct Authority in respect of insurance activities only.
As with all insurance policies, conditions and exclusions apply. Your home may be repossessed if you do not keep up repayments on your mortgage.