Group Life Insurance

Death in service cover is a valued employee benefit providing a ‘tax free’ lump sum to the loved ones of an employee who has died whilst being employed.

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A typical benefit level of a Group Life Insurance Scheme is a multiple (frequently 3x) of the employee’s annual salary.

It’s a very simple benefit to provide to staff and is one of the highest valued ‘perks’ that an employee can have and yet its largely inexpensive to provide by the employer.

The benefits of group life insurance

For employers

  • Improved staff welfare - Demonstrates the company’s concerns with the wellbeing of its employees
  • Allowable business expense – Premium can be offset against corporation tax with no other additional tax to pay
  • Flexible plans – different salary multiples can be used for the different staff categories including on the scheme
  • Staff retention and recruitment – in an ever more competitive employment market, this is an attractive benefit to offer employees
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For employees

  • Provide complete peace of mind to employees that their loved ones will be financially looked after should anything happen to them
  • Company paid premiums – not liable for benefit in kind taxation
  • Tax free benefits – the lump sum benefit is not suitable to income tax however pension will be subject to tax
  • Free cover limit – the employee will be guaranteed a minimum benefit regardless of their medical history
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Who we partner with.

Here at Health Matters we partner with the best to ensure that we provide you with a variety of packages that can be tailored to fit your business needs.

From private medical insurance right through to dental insurance our partners only deliver the best service to create a happier, healthier workplace.

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Unum
Unum

What our clients say

UK Changes reviewed Health Matters

I would just like to take this opportunity to thank you all at Health Matters. The team are a credit to your company, and I would like to give special thanks to you for recent support in helping out with our ex-employee’s queries, they were extremely grateful for your professionalism and support that you have given them during their time of need.

Health Matters customer care is second to none and you have a fantastic team all round, nothing is ever too much trouble and you all have a great caring attitude.

Citizen Housing reviewed Health Matters

Health Matters were recommended to us originally and have now become a key service facilitator. They have supported us in sourcing excellent EAP, occupational health and medical support service. Health Matters have been able to provide us with the best service and value for money.

Worldmarsh Producers LTD reviewed Health Matters

Health Matters were recommended to us and have offered us a great supportive strategic relationship. They have really helped us move along with our employee benefits package. Health Matters have all of the answers and the right solutions that suited our business criteria.

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