Group Life Insurance
Group Life insurance provides peace of mind to employees by ensuring their loved ones will be supported by providing a tax-free lump sum in the event of an untimely death.
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Group Life insurance provides peace of mind to employees by ensuring their loved ones will be supported by providing a tax-free lump sum in the event of an untimely death.
Request a call Our Group Life customers automatically have access to the following support services.
Providing insured employees with five key health and wellbeing support services through one easy-to-use app - including remote GPs, mental health support and EAP access.
(for employers with 250 or fewer employees)
Unum Master Trust provides simple and hassle-free solutions for employers who want to offer Group Life to their employees.
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Our comprehensive EAP is provided by LifeWorks and provides all insured employees with free and confidential access to caring, professional counsellors to support an employee’s family at this difficult time, including telephone counselling, and support with funeral arrangements and probate.
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We've teamed up with St. Catherine's Hospice to offer an interactive and informative workshop to help line managers support bereaved employees.
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As an employee benefit, Group Life insurance can help attract and retain talent, while demonstrating an employer's duty of care.
Benefits can be a multiple of the employees' earnings (up to 12 x annual salary) or a set level of cover for all employees.
Employers providing Group Life should ideally have a discretionary trust in place to pay out the lump sum death benefit.
We offer two simple and hassle-free Group Life Master Trust arrangements – one for Registered policies and one for Excepted Group Life policies - each with independent professional trustee services provided by PTL Governance Limited (PTL).
For employers using their own trust, we offer a range of guidance and resources to help.
We offer Group Life insurance products to suit all types of employer.
Our Registered Group Life product is written under a trust and provides a tax-free lump sum up to the Lifetime Allowance (LTA), within HM Revenue and Customs (HMRC) regulations for a registered occupational pension scheme.
People insured under the policy can have different levels of benefit.
Excepted Group Life insurance provides tax-free benefits and is sometimes used for high earners. It allows for lump sum benefits to be paid outside of the Lifetime Allowance (LTA).
All people insured under the policy must have the same level of benefit.
Unum is not authorised to give advice, please seek independent legal or tax advice as appropriate.
Simplicity Life is a simple version of our Registered Group Life policy for employers who want to give a more basic level of life cover to their employees for the first time.
The plan is for PAYE employees and written under our Registered Group Life Master Trust.
A policy is taken out by the employer to provide a lump sum benefit to an employee if their spouse or partner dies while insured.
A Spouse and Partner's policy is typically a voluntary arrangement in association with a Unum Group Life policy for the same employees.