Group Life Insurance

  • Group Life Insurance pays a tax-free lump sum to an employee’s chosen beneficiaries if they die while employed. It’s one of the most valued workplace benefits, offering reassurance and financial support to loved ones at a difficult time.

    Employers arrange and fund the policy on behalf of their team, often using a trust to manage any claims and ensure tax efficiency. Cover levels can be based on a multiple of salary or a fixed amount, depending on the needs of your business and employees.

    • Tax-free lump sum paid to beneficiaries if an employee dies while covered

    • No medical underwriting needed for most employees up to a set limit

    • Flexible cover options – you can choose different levels of protection for different employee groups

    • Quick claims process to help families when they need it most

    • Policies arranged through a trust to help ensure tax efficiency and simplify payouts

  • Many Group Life policies include extra support for employees and their families, often at no additional cost. These may include:

    • Bereavement support and grief counselling

    • Mental health services and helplines

    • Health and wellbeing resources

    • Legal advice and guidance

    • Support for managers to identify and address wellbeing concerns in their teams

    These services can help foster a supportive, resilient workplace culture and improve overall employee wellbein

    • Strengthens your employee benefits package, helping attract and retain top talent

    • Demonstrates duty of care to staff and their families

    • Premiums are typically treated as an allowable business expense

    • Helps minimise disruption by supporting affected employees and their families

    • Master trust options available to simplify legal and administrative processes

    • Reassurance that their loved ones will be supported financially

    • No cost to the employee for the cover

    • Quick access to funds in the event of a claim

    • Access to holistic support services, including health, legal, and wellbeing tools

  • Group Life Insurance is a simple yet powerful way to show your employees that you value and care for them. It provides vital protection for families, contributes to employee wellbeing, and enhances your overall benefits offering—without significant cost or complexity.

    Whether you’re a small business or a larger organisation, Group Life cover can be tailored to suit your workforce and budget.

    If you have less than 3 members of staff, Relevant Life may be a more appropriate solution, ask us about this.

    Speak to a business protection expert, here at J Finance, to find the right solution for your team.

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