Company life assurance

Group Life Assurance - HWWA Consulting

Group Life Assurance Group life insurance policies in the UK are usually taken out by employers to cover their workers, and are often provided as part of a complete employee benefits package. Life assurance is paid for by the employer on behalf of the worker. Should a worker die, the aim is for a cash lump sum to be paid out to their next of kin. In the UK, cover has historically been arranged as a multiple of salary. 2, 3 or 4 times salary are common multiples and cover can be provided at higher and lower levels. Many employers insure using a basic salary definition, however, total salary can also be used. Some cover is arranged using specified amounts, such as £50,000, £100,000 etc., but...

Continue reading...

rates-life-insurance.com

Posted by at

Tags: insurance information, 30 year term life, condo insurance, buy term life insurance, best term insurance, online term of life insurance, life insurers, key man life insurance, life insurance policy rates, whole life policy

Overall rating page: 3.34/5 left 5619 people.

Why should employers buy group life insurance for their employees?

Group life insurance is a popular employee benefit; commonly arranged to provide a lump sum payment to an employee’s family should they die while employed by the company. Also, for businesses thinking about expanding their employee benefits package, it is the perfect complement to a workplace pension, often the first building block. Here are some of the most compelling reasons why employers should consider providing this benefit to their staff. Attract the best talent In a competitive employment market, companies of all sizes need to find ways to attract the best talent to their organisation and keep them there. Employee benefits are an excellent way to do this; by providing valuable...

Continue reading...

rates-life-insurance.com

Posted by at

Tags: what is life insurance policy, insurance life low rate term, american life insurance, life insurance term life insurance, aig life insurance, ing life insurance, cheapest term insurance, where can i buy life insurance, full life insurance, life insurers

Does Your Company Have A Dead Peasant Life Insurance Policy Out On You? - Business Insider

Does Your Company Have A 'Dead Peasant' Life Insurance Policy Out On You? Have you heard the term dead peasant life insurance? It refers to a life insurance policy an employer holds on an employee. The employer is listed as the beneficiary and collects a death benefit if the employee dies. Plan Was Intended for Key Employees Only The practice began with companies insuring key employees, those whose loss would severely impact company operation. The insurance was to help compensate the companies for the loss of the employees' highly valued services. Later, some companies decided that employee life insurance was a sound investment in general, and they began to take out policies on...

Continue reading...

rates-life-insurance.com

Posted by at

Tags: car insurance quotes, life insurance policy rates, mega life and health insurance, guaranteed life insurance, insurance life online quote, 10 year life insurance policy, medical insurance plans, life insurance direct, income protection, cheap term life insurance

Newsroom

RADNOR, Pa.--( BUSINESS WIRE )--Lincoln Financial Group (NYSE: LNC) announced today that it has completed its previously announced acquisition of Liberty Life Assurance Company of Boston, expanding Lincoln Financial’s group benefits market leadership position and expertise across all size employers. The transaction included reinsuring Liberty’s Individual Life and Annuity business to Protective Life Insurance Company. “With the completion of this transaction, we have significantly increased our presence in the group benefits market while executing on our strategic priority to diversify our sources of earnings and leverage the strength of our balance sheet,” said Dennis R. Glass, president...

Continue reading...

rates-life-insurance.com

Posted by at

Tags: quote source life insurance, state life insurance, cheap house insurance, life insurance advice, life insurance, life insurance for kids, term insurance rates, auto insurance ratings, buy life insurance online, best term insurance rates

Group Life Insurance >> Compare 10 Best UK Providers :: Drewberry™

What is Group Life Insurance? Group Life Insurance (also known as Death in Service Insurance ) is a key employee benefit that provides employees with a level of company paid life cover. It provides financial support through a tax free cash lump sum often equivalent to 2-4 times the employees basic salary. For employees with partners or dependants that rely on their salary, a group insurance policy is a highly attractive benefit. Key points about Group Life Insurance… Covers your employees for a multiple of their salary, paying out a cash lump sum should they die while employed by your organisation Is paid free from inheritance tax thanks to the trust structure set up alongside the...

Continue reading...

rates-life-insurance.com

Posted by at

Tags: family life policy, military life insurance, 20 year term insurance rates, california life insurance, how to get a life insurance policy, whole life policy, life assurance plan, cheap life insurance online, best term life insurance companies, rental car insurance

Group Life Assurance, GRiD - Group Risk Development

What is Group Life Assurance? Group life assurance provides a benefit on an employee’s death in service. This can be a lump sum payable to nominated beneficiaries or a taxable pension payable to the employee’s dependants, or both. Most group life assurance policies operate within HMRC’s regulatory framework for a ‘registered occupational pension scheme’. Lump sum death benefits can normally be paid tax free up to the Lifetime Allowance. Generally, premiums paid by an employer can be offset against corporation tax and are not regarded as a benefit in kind. Some facts and figures The group risk market insures over 9.5 million people for death benefits valued at over a trillion pounds – Swiss...

Continue reading...

rates-life-insurance.com

Posted by at

Tags: mortgage term life insurance, life insurance for family of 5, i need a life insurance policy, term insurance rates comparison, affordable family life insurance, premium term life insurance, life insurance help, individual term life insurance, low cost insurance, buying term life insurance policy

Acquisition of Barclays Life Assurance Company Ltd, Swiss Re - Leading Global Reinsurer

Swiss Re completes GBP 762 million acquisition of Barclays Life Assurance Company Ltd 31 October 2008, Zurich Swiss Re has completed the acquisition of Barclays Life Assurance Company Ltd ('Barclays Life') for a cash purchase price of GBP 762 million. The transaction was announced on 5 August 2008 and has received all the required regulatory approvals. In purchasing Barclays Life, Swiss Re has acquired around 760 000 life insurance and pension policies and annuity contracts, representing approximately GBP 6.8 billion in invested assets. Barclays Life has been closed to new business since 2001. The transaction provides further scale and infrastructure for Swiss Re's Admin Re business in...

Continue reading...

rates-life-insurance.com

Posted by at

Tags: disability insurance, humana health insurance, renters insurance, no load life insurance, home life insurance, medical insurance companies, life insurance quotes ny, farm bureau insurance, 5 year level term life insurance, individual life quotes

Death in Service vs Life Insurance, MoneySuperMarket

What is death-in-service? Death-in-service is an employee benefit which pays out a tax-free lump sum if you are employed by the company at the time of your death. The pay out is usually between two and four times your annual salary. So, if you earn £30,000 a year, your family could expect a tax-free sum of between £60,000 and £120,000. You don’t have to die while at work, or as a result of a work activity, you just have to be on the payroll. How can I find out if I have death-in-service cover? Death-in-service can be a valuable benefit, but some employers are more generous than others, so you should check out exactly what’s on offer – if anything. Contact your human resources department for...

Continue reading...

rates-life-insurance.com

Posted by at

Tags: cheap level term life insurance, whole life insurance calculator, in life insurance, time life insurance, life insurance quotes online for seniors, aetna insurance, life insurance leads, insurance premium, level term life assurance, temporary car insurance