Group life cover is a Life Insurance policy with one owner and provided to a group of individuals. For example a policy may be owned by an employer and provided to their employees.
Group Life Cover works out to be a cheaper option than an individual cover so is an attractive financial assistance to provide.
Group Life Cover is a fantastic incentive to include in your employees benefit package. Your employees work hard for your business so why not give them something back! The cover may be subsidised by the company or elected to be taken out of the salary prior to payment as negotiated.
Group Life Cover may include Death cover, Terminal Illness cover and TPD cover
Call today to see how you can improve employee morale with insurance packages.