Group Life Cover
Your business's way to help employees' families should they die while in your employGroup Life Insurance provides a lump sum benefit in the event of total and permanent disability, or death. The policy is owned by the employer for the purpose of providing the death benefit to the beneficiary or deceased estate, or to the employee in the case of total and permanent disability.
In the case of death, proceeds from Group Life Insurance can be used to pay funeral expenses, pay off debts and provide future income for children or a partner. In the case of total and permanent disability, a Group Life Insurance payment can ease the financial burden on an employee as they adjust to a new life situation.
