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   LIFE . HEALTH . PENSIONS   

Group Life

What is a Group Life Plan?

The group life plan is a Master Policy issued to cover a group of persons, under which a company can become a policyholder on behalf of its employees. Via this arrangement each employee receives a certificate as evidence of their participation in the plan.

The main purpose of a group life plan is to provide a benefit in the event of the death of an employee making funds available for last illness and burial expenses. In addition, it enables the company to provide financial assistance to the family without accessing its current income.

Key Benefits:

  •     Full Tax relief is granted on the premiums paid.
  •     Cost of coverage lower than an individual plan.
  •     No evidence of insurability is necessary.
  •     Your company is able to attract and retain high quality employees.
  •     You can assist employees, without accessing current income.

FIND OUT MORE ABOUT GROUP LIFE

Call us at (868) 226-myGG (6944) to speak to one of our representatives today .