Group Life Assurance

It can be surprisingly inexpensive to provide life assurance cover for all your employees - a benefit that is often a sought after attraction amongst the benefits that quality employees look for when choosing their employers.

With businesses today operating in a much more competitive environment and increasingly under pressure to perform, recruitment and retention of good employees is essential for business growth. Group Life Assurance is usually designed to pay a lump sum benefit to an employee's spouse or dependents on the death of an employee whilst in active service, and these-days employees expect it as part of the overall benefits package on offer.

The lump sum payment is normally tax-free and the employer pays the premiums and for tax purposes the cost is normally treated as trading expense. This can make it even more cost effective for most businesses when you combine the employment package benefits of offering Group Life Insurance to your employees.

There are many Group Life Assurance schemes available in the UK market place and Mercier Allen Associates can help you look at all the benefits and look to source a package that suits your employees and your business, explaining the many advantages of these schemes in plain English so that you fully understand what it means to your business.

For further information or to arrange a no-obligation consultation, call us on 01403 268562 or visit our contact us page.