Group Life provides a lump sum benefit on the death of an employee to be passed on to his/her beneficiary.

One of the advantages of Group Life insurance to an employee is that there is no medical requirement up to a specified amount of cover. This ensures that all eligible employees can obtain life insurance at a modest cost because of contributions made by the employer.

The advantage to the employer is that most or all of his contributions under his plan qualify as a deductible business expense.

Features:

• Group Life Coverage can be applied from as little as 10 lives and over.
• Coverage is based on a flat amount or one to four times annual salary. This can be negotiated based on the nature of the company business, number of employees and salaries.
• Coverage can be until age 60, 65 or 70 and can include a retiree benefit.
• Dependent benefits can be included

Life cover can be enhanced with a range of accidental death and disability covers, which are taken out in addition to the main group policy.

Available Benefits:

• Total Disability Waiver of Premium – If an employee is disabled premiums are waived after 6 months until the employee returns to work
• Accidental Death and Dismemberment/Loss of Use – If the employee dies the full amount of the Accidental Death is paid. If he loses a limb or the use of this limb a percentage of the Accidental Death is payable
• Optional Group Life – This is to enhance the existing group life coverage
• Group Critical Illness- This benefit offers protection against major critical illnesses. We offer this coverage with either 3, 11 or 13 illnesses.

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