STAFF RETENTION TOOL
Group Life Cost Estimator
Give your team 4x Salary life cover. It costs less than you think.
10 Employees
£
ESTIMATED MONTHLY COST
£125
That's just £12.50 per person / month.
✔
100% Tax Deductible Corporation Tax Expense.
Is medical underwriting required?
Usually NO. Most group schemes have a "Free Cover Limit", meaning staff are covered instantly without medical questions.
Does it cover Pre-Existing conditions?
Yes. Group Life generally covers pre-existing conditions automatically, unlike private medical insurance.
Is it a P11D Benefit for staff?
No. "Registered" Group Life schemes are not treated as a Benefit in Kind, so staff pay zero tax on the premiums.