Life Insurance

Protecting the lives of your employees is vital to your business and is a much sought after employee benefit that can help attract and retain talent.

20%

of employees rate group life insurance in their top three employee benefits

1.4 million

working people suffer from a work-related illness such as stress, or stroke

35%

of all households would feel a negative financial impact within 1 month after the death of the primary wage earner

What is Group Life Insurance?

Group Life Insurance is a death in service benefit. This is either a lump sum paid to beneficiaries, a taxable pension paid to the employee’s dependants, or a combination of the two.

Group Life Insurance also happens to be one of the most highly-valued employee benefits around.

Preparing for the unexpected

With Group Life Insurance, you can reduce a bereaved family’s stress both emotionally and financially by having a policy in place. While not many businesses will expect a death in the workplace, it can happen. As an employer, you need to consider how to manage that situation both pragmatically and emotionally to best support the wider team.

Group Life Insurance provides valuable benefits to your staff at a low cost to the business.

Benefits for employers

  • Premiums generally accepted as a business expense so are eligible for tax relief
  • Free cover limit and no medical evidence required on group life assurance schemes
  • Ability to offer financial support to bereaved family
  • Helps attract and retain talent by showing the business’s commitment to employees

Benefits for employees

  • Premiums paid on behalf of employees are not seen as a benefit in kind
  • Inheritance tax liability is usually not applied to lump sum benefits
  • Support and reassurance
  • Cover can be continued (up to a limit) if an employee is off work through illness or on sabbatical
  • Free cover limit without medical underwriting for policies with exclusions

Our trusted partners

Why Shire Health & Wellbeing?

We are experienced health insurance specialists dedicated to giving you fair and honest advice. Working with the UK’s leading health insurance providers, we’ll give you the information you need to find the right cover.

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Call 01827 306 532 or fill in the form below

Discover our range of services

At Shire Health & Wellbeing, we offer a range of healthcare cover for your employees. We promise to give you impartial, honest advice and help you find employee benefits to suit your business.

Health Insurance

We make finding, comparing and buying health insurance simple. Our team of specialist advisors take care of everything. We ditch the jargon and focus on helping you select the best policy. Choose from:

Wellbeing

Your employees need to stay mentally healthy as well as physically. A happy workforce is more likely to deliver quality results, which is where employee wellbeing packages can help. From fast GP access to Employee Assistance Programmes, there’s something to suit your business, people and budget.

Employee Perks

One way to make your team feel more valued is with an Employee Perks package. Employees take control of their mental, physical and financial wellbeing, and get discounts on day-to-day spending. Because those little extras can make a big difference.