Group Life Insurance

Legal & General Registered Group Life Mastertrust.

Legal & General Relevant Life Mastertrust.

Employer’s registered scheme.

Employer’s excepted group life scheme.

Multiple of earnings or a fixed lump sum of up to £10m.

Employers can choose to insure all or part of the benefit payable to employees.

Different levels of benefits can be chosen for defined groups of employees.

This is the maximum amount of cover we can provide before we ask for medical underwriting.

Up to £1.8m depending on policy size and benefit choices

All employees, or those that fit predefined eligibility definitions.

Cover for equity partners and LLP members that fit predefined eligibility definitions.

Can be made monthly or annually.

No minimum premium. ONIX policies covering up to 500 employees can be offered a 3-year unit rate guarantee.

If employee is absent due to illness or injury, we’ll continue cover up to the maximum age as long as they remain eligible for cover.

If employee is absent for another reason, such as sabbatical, we’ll continue cover for three years.

If earnings reduce during absence, an employee’s cover will remain at the level they had before their absence.

Options to help protect towards the impact of inflation and for different durations, plus maintain cover for up to 24 months after redundancy are also available.

We can usually cover most employees without needing personal health details. However, there will be times when we need to ask employees about their health and hobbies to help us decide if we can cover them.

If your client is switching their existing insured scheme to us, we can usually cover the employees their previous insurer had already underwritten.