Group Life forms the life insurance portion of an employee benefits package and it enables employers to provide generous support for the dependants of a deceased employee.

As well as encouraging staff loyalty and demonstrating a genuine care for staff welfare, Group Life insurance highlights the employer's ongoing commitment to their health and welfare.

The cost of providing these benefits is dependent upon a number of factors including the age profile and gender split of the workforce, type of organisation, occupations, geographic location, past claims experience and the level of benefit to be provided, which can be up to four times salary.

We have outlined some more advantages to you and your employees below:

Benefits to the employer:

1. Competitive premium rates due to a reduced charging structure negotiated for Encompass
2. Wide variety of options contained in the plan means that the right plan can easily be constructed to fit your life cover requirements
3. Generous Cover Limits – reducing the need for lengthy medical evidence
4. Implementation of the plan enhances employee relations
5. Easy administration and flexible underwriting
6. Inland Revenue scheme approval negotiated free of charge and standard trust deeds and rules provided
7. Employee leaflets are available at no cost to the employer

Benefits for your employees:

1. Provides peace of mind and reassurance
2. Premiums paid on an employee's behalf are not treated as a benefit in kind
3. Any lump sum payable to dependants is not subject to Inheritance Tax

The Encompass policy for Voluntary Organisations Group Death in Service Cover is underwritten by Canada Life.

Should you wish further information, advice or premium quotations then please contact us using one of the following methods: