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Group Life Cover – how to attract and retain talent in your business

Group Life insurance is a type of life protection in which a single contract covers an entire group of people. Often referred to as ‘Death in Service’, it covers staff if they were to die, anytime, whilst employed by your business – not just when they are at work.

Life insurance is one of the simplest but most highly-valued employee benefits that a company can offer to its staff because quite often no medical underwriting is required.

If an employee were to die, the life cover you put in place for them would help ensure their family could cope financially – relieving money worries at a very difficult time by providing a tax-free lump sum.

Read our summary of the benefits to both employees and employers here.

 

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