Group Life Insurance

Also worth knowing

• When will you need medical information?

  Although most employees won’t need to provide any medical information, we might need it in some cases. Some examples include:

  • When an employee has a particularly high level of cover
  • There’s been an increase in cover for a small number of employees
  • You ask to cover an individual employee for a higher benefit

   

  This isn’t a comprehensive list and there may be other situations where we ask for medical information.

• How much does it cost?

  Group Life Insurance can cost as little as 1% of your company’s salary costs. It’s an affordable employee benefit and is deductible as a business expense.

• How do I get a quote?

  You can get a quote from an adviser. Once you’ve discussed your business needs with them, they can email us to get a quote at groupquotes@canadalife.co.uk

• What do I need to get a quote?

  To get a quote we’ll need the following information:

  • Employer details
  • The benefits you want to include
  • What age the cover should end
  • Cover details for individual employees (e.g. gender, date of birth, salary, occupation, work location, business travel)

   

  We might need more information if another provider already covers the benefits.

  Please send your quote request to: groupquotes@canadalife.co.uk

• Why do I need a trust?

  You’ll need a trust so we can make a tax-free payment to the employee’s family and dependants.