Menu
Considering their pivotal role in the success of any business., it is crucial to safeguard the well-being of employees.
A group life assurance scheme allows employers to offer a tax-free lump sum benefit and/or a dependent’s pension to the family and children of an employee in the event of their death while in service.
Not only is it an investment in employees, but it also helps to financially protect their families when they need it most.
Under current UK tax laws, your premiums normally qualify as an allowable business expense.
Stand out from competitors by including Group Life with your employee benefits package.
Give your employees a helping hand by leaving money behind for their loved ones.
We’ll cover the majority of your employees, up to a certain level of benefit, without needing to see their medical information.
Employees who require cover above the free cover limit will only be medically underwritten once, up to a benefit of £5m.
Group Life provides access to a range of valuable well-being and legal services and legal support for employees to use in their everyday lives as well as during times of bereavement.
If an employee dies in service, we’ll pay a lump sum to the trustees, or a nominated beneficiary, to use as they wish.
The lump-sum payment doesn’t normally form part of a member’s estate, so should be free of inheritance tax, and the premium isn’t classed as a ‘benefit in kind’, meaning they won’t need to pay additional taxes.
We’ll provide a pension for the deceased’s spouse, partner, dependants or children.
If you have a question or would like any further information, message us now!
Edgemont Financial Services Limited / Registered in England and Wales No: 11327586.
Edgemont Financial Services Limited is directly authorised and regulated by the Financial Conduct Authority. Edgemont Financial Services Limited is entered on the FCA Register (www.fca.org.uk/register) under reference 842215.
Privacy Policy