INSURANCE FOR BUSINESS | EMPLOYEE PROTECTION

Group Life Cover

Group Life Insurance is a very simple employee benefit, paying out if the employee passes away whilst in employment with your organisation. The policy would pay out irrespective of whether death occurs whilst at work or not. Each employee is covered as a multiple of their gross earnings which is determined by the business upon setting up the policy. The structure of the policy is flexible allowing different grades of employees to have different levels of cover, if they wish.

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Why choose us?

Creating Appropriate Solutions

Getting the best possible cover for your employees and the business.

Over 45 years' Experience

Understanding and knowledge of your requirements.

Dedicated Claims Support

Providing support to settle quickly and efficiently.

Looking Out For Your Employees

Group Life is not only cost-effective and simple to set up, it is also a highly valued benefit which provides a clear advantage in attracting and retaining top talent.

Your employees are your most valuable asset, so why not look at adding on other Group Protection policies, such as Group Critical Illness, to build a benefits package that really stands out.

Looking Out For Your Employees

Group Life is not only cost-effective and simple to set up, it is also a highly valued benefit which provides a clear advantage in attracting and retaining top talent.

Your employees are your most valuable asset, so why not look at adding on other Group Protection policies, such as Group Critical Illness, to build a benefits package that really stands out.

Group Life (Death In Service)

Group Life cover helps you deal with one of the most difficult situations that could happen in your workplace and the payment can never replace the valued and respected employee, but can help ease the financial burden when their dependants need it the most.

68% of parents – Have no plan for dealing with the death of either themselves or their partner

47% of parents expect that – they would not cope well financially following the death of the main income earner

(Source: Aviva March 2017. Protecting our families report –  Report examined families with dependant children aged under 18 or those over 18 with dependent children)

Free Cover Limits – No Medical Required

The life cover you put in place would help to ensure that the employee’s family could cope financially, relieving money worries at a very difficult time.

Life cover has always been a valued employee benefit as well as inexpensive to provide. It can assist in attracting and retaining talent within your business, whilst at the same time demonstrating your duty of care as an employer.

A fast and efficient process for paying claims.

The policy aims to provide insurance to cover a lump sum benefit to the employees and to offer you a choice of benefits to yours and the employees needs.

  • Minumum number of lives to be covered varies from Insurer to Insurer
  • Different levels of cover for different group categories
  • Premium payment – monthly/quarterly/yearly, depending on provider.
  • Age related rates – up to 75 years of age.
  • Free automatic acceptance limits are given, resulting in no medical checks being needed. (Individual assessments are given to those with benefits over the automatic acceptance limit. This varies depending on provider).
  • Tax efficient for businesses.
  • Tax free benefits in most circumstances.
  • Added value services – such as bereavement counselling expert guidance & support.

As a business owner you know what you need to make your business a success. Suitable premises, machinery or tools, and your computer systems, may all be important, but have you protected, what’s probably, your most important asset – YOUR PEOPLE?

For more information and a free quote from a dedicated Protection Consultant, please call Stacey on 01270 758057 or contact us.

“I’ve used R K Henshall to source Group Life insurance for several years. Stacey has been great; she finds really good prices and cover, sorts everything out and takes pressure off me, doing the comparisons. Even through the pandemic, she has always been available.”

Lafert Electric Motors
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R.K. Henshall © 2021

R K Henshall & Co Ltd are Independent Intermediaries and are authorised and regulated by the Financial Conduct Authority. Directors: J.R. Henshall B.A.(Hons) ACII Cert CII (FS), A.J.Simpson ACII, T.R.Dredge DIP CII, A.Brown FCCA. Director/Company Secretary R.K. Henshall ACII. Registered No. 1285024

R K Henshall are very proud to support Lupus UK. Lupus UK is a charity very close to our hearts. Unfortunately, Nita Davies who had been a stalwart of our company from it’s very beginning lost her battle against this terrible illness in 2013. Lupus UK is the only National Charity which supports people with the immune system illness. (Registered charity nos. 1051610, SC039682) Click here to read more about Lupus UK.