Group Life Insurance

Reassuring employees that their loved ones will be supported.

We compare all Group Life Insurance providers

What is Group Life Insurance?

Also known as Death in Service insurance, this cover is an employee benefit that pays out a lump sum payment to the family or next of kin of an employee that dies whilst employed within your organisation.

The lump sum is usually based on a multiple of the employees salary, for example two, three or four times their salary.

Why is Group Life Insurance important?

Surprisingly, not a lot of people have life cover. Around 36.7% of people have some sort of cover in place, which means a company paid cover is a desirable benefit.

Employees say Group Life Insurance is one of the top 5 benefits they would want their company to off, it is also one of the most simplest and cheapest insurance covers on the market.

Having and offering Group Life Insurance as an employee benefit can:

Attract and retain the best staff
Improve employee engagement
Reduce stress and related absenteeism

We have access to all private medical insurers in the UK

Our unbiased and independent advice, we can help you find the best policy solutions.

Get a quote

What are the benefits to your employees?

One of the biggest benefits of Group Life Insurance is that employees will have a generous level of cover without having to go through underwriting.

Depending on the provider employees can benefit from a range of wellbeing services including bereavement counselling to help with their mental health following a loss.

This cover offers complete peace of mind by providing financial support in the form of a lump sum payout to the employees nominated beneficiaries. These can be used as they wish, whether is its towards funeral costs or towards the mortgage. The lump sum does not form part of the deceased’s estate and is therefore exempt from inheritance tax.

Some of the other benefits include:

Payout usually within 10 days of a claim
Additional support for the employees family in the event of a claim
No contribution from the employee as Group Life is not a Benefit in Kind

If you have an existing policy or are in the market to take out a new policy, we would love to hear from you. Get in touch today to speak to one of our specialist.

Get a Quote

Manage your business finances
Under current UK tax laws, your premiums usually qualify as an allowable business expense.

Offer your staff an appealing package
Your business can become more desirable than your competitors by including Group Life within your employee benefits package.

Help your employees provide for their loved ones
Your employees will feel valued and supported knowing that you will be leaving money behind for their loved ones.

Free cover limit
The insurance provider will cover the majority of your employees, up to a certain level of benefit, without needing to see their medical information.

This can greatly depend on the policy provider, however businesses can expect to benefit from mental health guidance and bereavement counselling for employees and their families which would provide practical and emotional support to help them deal with grief.

Some policies also include discounts to help employees stay fit and healthy with online workouts.

Life insurance from a working perspective is a cover that protects you for a certain amount of time and will pay out only if a claim is made whilst the employee was in service for the business.

Life assurance is a cover that will provide cover for the whole of life, meaning even if the employee has retired or is no longer working for the company and dies (assuming they have met their monthly payments) their beneficiaries will receive a payout.

Premiums for life assurance tend to be higher because a provider expects to make a pay-out at some point.

All members to be covered must be employees of the company.

Categories can be set up to provide different levels of cover which can be differentiated by things such as time served, level of responsibility, multiple of salary etc.

Generous free cover limit

Yes

Extra support for members

EAP, Free bereavement & probate support

Providing you with independent and unbiased advice

We review all policy providers and are dedicated in finding you the best fit solution for your business.

We review and compare all policy providers and have extensive experience and market knowledge allowing us to give you the best advice. We have processed over 5,000 claims and have helped 650+ businesses switch to better providers saving them time and money.

Why should you choose Personal Healthcare management?

We at Personal Healthcare Management are a privately run business, we can therefore provide quality, unbiased advice to businesses and individuals

Losing a loved one that may be the main earner in the house can bring about so many emotions. Emotions that you may not be ready to deal with and that’s why having a Group Life Insurance policy can help bring peace of mind to you and your employees.

Our services are free for all customers
You do not have to pay us a penny, neither do you pay more for your policy. We work strictly on a referral bases with the insurance providers which means it doesn’t impact your premium.
Full market review
We have access to all private medical insurers in the UK, which ensures your business gets the best deal.
Independent and unbiased
Our advisors have no obligation to any one insurance provider, that is how we guarantee unbiased advice
Qualified advisors
We are on the executive board for the Association of Medical Insurance Intermediaries

It's easy to understand

We have refined our process to make things as simple as possible

Do you have an existing
policy?

If you hold a policy and would like a full market review or would like us to become your broker, click on ‘switch providers’ below.

Are you looking for a
new policy?

Select and read about the policy you are interested in for your business from our services menu and click Request a Quote.

Provide us with some information

Once you’ve made your selection, help speed up the process by completing a form and providing us with some information.

We will call you back and discuss your options

We will use your information to find you the best premium for your team and deliver you independent and unbiased advice.

We do all the research to make your choice easier

Request a Quote Switch providers

We are experts in our field

Providing you with independent and unbiased advice for all your healthcare insurance needs.

We have been working hard on presenting our customers with the best policies from the best providers to fit their business healthcare needs, to create desirable and fit for purpose employee benefits packages.

Confirm you're with the best provider

We’re one of only a few brokers who request quotes from every insurer and present you with every possible option.

Experienced Consultants

We are experts in the finer details of business healthcare insurance. We’ll advise on the best options for you.

Full Annual Reviews

We’ll automatically re-audit the entire market at every policy renewal date and present you with our findings annually.