A bespoke group life insurance policy that’s perfect for your needs
These days, many employers provide group life insurance cover for their employees. It’s understandably seen as a very attractive benefit, in part because the level of cover that’s usually provided would prove expensive for the individuals to purchase for themselves. If your employer provides you with this, it can bring you a great deal of comfort and security.
For the employer, purchasing a group policy rather than a series of individual personal policies can prove cheaper than they might have thought, because they are in effect buying in bulk. Many of the most recognisable names in the insurance sector offer exceptionally good policies for very reasonable prices.
In most cases, the main document, known as the master contract, will be kept by the employer. Employees will each be given a certificate of insurance, which can then be used to verify membership of the scheme. In the event of a claim needing to be made, contact numbers and procedures will therefore be easy to find.
As with all other types of life insurance, group cover brings peace of mind at what will inevitably be a very difficult time. The loss of a loved one brings with it financial pressures that may seem overpowering, but if a lump sum pay-out is made the running costs of everyday life can at least be met with ease.
The team at Insured Right are available right now to talk you through the various group cover policies that are on the market. One call to 01382 279 087 is all you need to start the ball rolling. We look forward to hearing from you.