Death in Service / Group Life cover not only helps your business provide financial support to beneficiaries, but to also demonstrate a caring attitude towards your employees.
Group Life Cover is seen as being a valued benefit that can help attract and retain staff within your business. Group life insurance is a type of life insurance in which a single contract covers an entire group of people. Typically, the policy owner is an employer or an entity such as a labor organization, and the policy covers the employees or members of the group.
If an employee were to die unexpectedly, the life cover you put in place for them would help their family cope financially at a very difficult time. As an employee benefit, it can assist in attracting and retaining talent within your business, while at the same time demonstrating your duty of care as an employer. Benefits are normally based on the employee’s earnings and can be tailored to meet the employer’s specific needs and those of their staff.
To find out more on Group Life / Death in Service Cover, speak to a member of Prestige Financial Solutions. We offer sound, honest advice to aid and protect your business and business employees for a sustainable future.
For more details on Group Life / Death in Service Protection, or for more information / enquiries on Business Protection, please contact Prestige Financial Solutions