Group Life Assurance
Every year in the UK, approximately 100,000 people of working age die before retirement.
If an employee dies, how would their family cope financially? How does the employer handle this emotive situation?
Group Life Assurance can overcome these uncertainties by providing the necessary financial support together with various benefits for the employer.
A Group Life Assurance scheme provides a lump sum benefit on death and may also provide a pension for the families and dependants of deceased members.
The lump sum benefit is usually based on a multiple of salary.