GROUP LIFE ASSURANCE
Group Life Assurance provides peace of mind to employees by ensuring their loved ones will be supported by providing a tax-free lump sum in the event of an untimely death.
WHAT IS IT?
As an employee benefit, Group Life Assurance can help attract and retain talent, while demonstrating an employer’s duty-of-care.
Benefits can be a multiple of the employees’ earnings (up to 12 x annual salary) or a set level of cover for all employees.