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Group Death in Service / Group Life Assurance - HCR IFA

Group Death in Service / Group Life Assurance

HCR IFA Ltd are part of the DGS group of companies which includes DGS IFA Ltd. 

HCR IFA Ltd do not provide Corporate Advice however we do have access to Corporate Advisers through DGS IFA Ltd. If you are interested in receiving advice in this area, please contact us and we can introduce you to a Corporate Adviser at DGS IFA Ltd.

What is a Group Death in Service/ Life Assurance?

Group Death in Service / Life Assurance protects your employee’s family and dependants by providing a tax free lump sum to their beneficiaries should they die whilst still in your employment.  This is usually a multiple of the employee’s basic salary.  The scheme would be set up under Trust and therefore will not form part of the employee’s estate.

How we can help you

HCR has a close working relationship with DGS IFA Limited who are an independent employee benefits broker and can advise you on the most appropriate and competitive Group Death in Service / Life Assurance Scheme for your business, taking into account your organisation’s objectives, specific requirements and budget.

They will undertake a thorough independent provider selection process based on your requirements and will assist you with communicating this benefit to your employees, as well as providing ongoing support and advice if you or your employees have any queries relating to the scheme.

They can also advise you if you are looking to review or harmonise your existing Group Death in Service / Life Assurance Insurance arrangements.

Why offer it?

Benefits to your business of providing Group Death in Service/ Life Assurance:

  1. A simple and low cost benefit, allowing you to provide a competitive benefits package by aligning yourself or differentiating yourself from your competitors
  2. Demonstrates that you are a caring employer and that you care about your employee and their family/dependants
  3. Can be registered with HMRC and therefore benefit from corporation tax relief – making for a more cost effective benefit for an employer.

For a free consultation to discuss your Group Death in Service / Group Life Assurance requirements together with any other financial needs

Contact Us today