Group Life Insurance is also known as Death in Service Cover. Hiring and retaining staff in today’s highly competitive employment market is a top priority for any forward thinking business.
If you are an employer and employ at least one qualifying member of staff, it is a requirement that you have a workplace pension scheme. But your employee benefits package doesn’t have to end there. A valuable addition that can really help you differentiate your companies offering, is a group life insurance policy. Often the premiums of such a policy are an allowable expense and the policy provides a lump sum to the beneficiaries of an employee covered under the policy equal to a chosen multiple of their salary. Our Business Insurance experts, will be able to provide more details.
Group Life Insurance is also known as Death in Service Cover. Hiring and retaining staff in today’s highly competitive employment market is a top priority for any forward thinking business.
If you are an employer and employ at least one qualifying member of staff, it is a requirement that you have a workplace pension scheme. But your employee benefits package doesn’t have to end there. A valuable addition that can really help you differentiate your companies offering, is a group life insurance policy. Often the premiums of such a policy are an allowable expense and the policy provides a lump sum to the beneficiaries of an employee covered under the policy equal to a chosen multiple of their salary. Our Business Insurance experts, will be able to provide more details.