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Group Life

Zurich’s Group Life cover is built on the experience of working with employers and trustees in companies around the world. It draws on our in-depth knowledge of global mortality experience and our assessment of the local mortality risk market.

Library Claims Corporate Risk

    We offer comprehensive and flexible group life policies that are designed to enable UK Trustees to insure the death benefits commitment made by the employer. We can provide ‘Registered’ or ‘Excepted’ group life policies and can also support flexible benefits scheme designs.

    Group Life cover is now seen as an essential part of the benefits package by many employees. It provides employees with the peace of mind of knowing that their loved ones will be provided for financially if they die. It also addresses a difficult moral and morale issue, because no employer would want to inform a deceased employee’s dependants that they aren’t provided for financially. Such a situation would also have a negative impact on staff morale.

    Our policies are designed to be flexible and simple, making it quick and easy for employers/trustees to put cover in place that meets their needs and budget.

    The provision of group life cover demonstrates that the employer recognises the value of its employees and cares about the welfare and financial security of their families.

    We offer

    Automatic Acceptance Limit (AAL)

    Competitive AAL (free cover limit) up to £1.8m benefit.

    One time underwriting (Forward underwriting)

    Employees will usually only be underwritten once where schemes cover 50+ members.

    Additional cover for spouse/partner

    We offer additional lump sum life cover for spouse/partner.

    Pooling and captive solutions for multinational customers

    We offer a range of creative and innovative solutions for Multinational Group Protection Schemes.

    Temporary cover of up to 90 days

    For employees over the AAL who we require to be medically underwritten.

    Additional lump sum to purchase a dependant's pension

    Additional cover available for a lump sum to purchase a dependant's pension.

    Flexible benefits solutions

    Flexible benefit designs can be provided.

    Tax efficient solutions

    Our policies are designed to operate in a tax efficient way, therefore require a discretionary trust to be in place.