Group Life Assurance - LighthouseGEB

Group Life Assurance, also often known as “Death in Service” cover, provides a lump sum in the event of one of your employees dying while in your employment. This is one of the most common benefits provided by employers in the UK.

Being able to extend a significant lump sum to the spouse and/or dependent of one of your employees at what will be a very difficult time for them may at least help them to mitigate some of the financial loss.

Group Life Assurance is much cheaper to provide than many companies realise, the cost of cover is considerably less than a collection of individual policies. Additionally the way in which group schemes are underwritten makes then much easier to operate than individual arrangements. In most cases pre-existing conditions are ignored and your staff are unlikely to require any individual medicals.

Lighthouse Group Employee Benefits can provide significant assistance to you in the selection, deployment, and ongoing maintenance of Group Life Assurance schemes.

Advantageous Underwriting Terms from Lighthouse Group Employee Benefits

Lighthouse Group Employee Benefits is one of just a handful of brokers which have access to specialised small schemes underwriting facilities from some of the leading insurers. This enables us to extend the benefit of group underwriting procedures to schemes with just a few members. This can save you significant amounts of money when compared to the cost of a series of individual policies and also makes it far easier and quicker to obtain cover without the need for a medical, or indeed the need to answer any health questions whatsoever.