What is
group life insurance?

Group life insurance is a type of life insurance coverage that is offered to a group of people, typically employees of a company or members of an organisation. It provides life insurance protection for all eligible members of the group under one master contract. This type of insurance coverage can provide financial protection to the beneficiaries of the insured individuals in the event of their death. The coverage amount is often based on a multiple of the employee’s salary, providing a basic level of financial security for their loved ones.


Tailored Solutions for Diverse Businesses

Selecting the right group life insurance policy can be complex. Based in Stokesley, Insure My People’s team of Teesside based insurance experts are dedicated to providing personalised guidance, sharing recommendations, and explaining the proposed plan in detail. We are committed to ensuring that you make informed decisions for your business and employees.

Whether you run an accountancy business, landscape company, or any other small to medium-sized company within the UK, our group life insurance solutions are customisable to fit your specific industry and employee demographics. We understand the importance of a tailored approach to meet the unique needs of different businesses and have worked with business across all sectors.

Revolutionising Insurance for a Brighter Future

At Insure My People, we understand that the traditional approach to insurance may not have resonated with your team. Our game-changing approach aims to redefine the narrative around insurance, transforming it from a mere necessity to a tool that empowers and rewards your team.

Empower your team and make a positive impact on the work culture with employee benefits.

Group life insurance plays a pivotal role in fostering a positive workplace environment by demonstrating an organisation’s commitment to the well-being and security of its employees. By providing access to group life insurance, employers empower their team members by offering financial protection and peace of mind for their loved ones. Your employees will feel valued and supported, leading to increased productivity, satisfaction, and a stronger sense of belonging within the organisation.

Dedicated to providing comprehensive guidance

Our team of seasoned professionals is dedicated to providing comprehensive guidance tailored to your specific needs. With in-depth knowledge of the complexities of group life insurance, we offer personalised recommendations and strategic insights to help you make informed decisions. 

Whether you are an employer looking to enhance your employee benefits package or an individual seeking to understand the benefits of group coverage, our expert advice ensures that you have a clear understanding of the options available and the potential advantages for both the organisation and its members.

Customisable to fit your specific industry

Whether you run an accountancy business, landscape company, or any other small to medium-sized company within the UK, our group life insurance solutions are customisable to fit your specific industry and employee demographics. We understand the importance of a tailored approach to meet the unique needs of different businesses and have worked with business across all sectors.

We’ve got your back every step of the way

When it comes to making a claim with Insure My People, we’ve got your back every step of the way. Our goal is to make the process as stress-free as possible, because we understand that dealing with insurance claims can be overwhelming.

From our streamlined approach to our commitment to keeping you informed, we’re here to provide the support and guidance you need. With our innovative technology and customer-focused mindset, we’re revolutionising the way claims are handled, ensuring that you can focus on what matters most while we take care of the rest.

Our group life insurance coverage

Our group life insurance coverage extends beyond the standard benefits, providing financial security to employees’ families in the event of unexpected tragedies.

We have put a strong focus on affordability and reliability, offering solutions that are designed to offer peace of mind to both employers and employees.

Our group life insurance includes comprehensive benefits such as:

  • A tax-free lump sum payment
  • Coverage for employees and their dependents.
  • A seamless, hassle free claims process.
  • Expert advice
  • Highly competitive quotes
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Frequently asked questions on group life insurance

Group life insurance is a type of life insurance that covers a group of individuals under a single policy, typically provided by an employer. In the event of an insured individual’s death, a death benefit is paid out to the designated beneficiaries. This benefit is often offered as part of the employer’s benefits package and aims to provide financial support to the employees’ families in times of loss.

Eligibility for group life insurance coverage is typically determined by the employer or the policyowner. It is commonly offered to employees as part of their benefits package. The availability of coverage and the specific terms may vary based on the employer’s policies and the employee’s status within the organisation.

Essential benefits of a group life insurance plan include a death benefit paid to the beneficiaries in the event of the insured’s passing. Optional benefits may include additional coverage for spouses and children, travel assistance, identity theft benefits, and bereavement counselling, depending on the specific policy and provider.

Generally, group life insurance coverage terminates when an individual leaves the organisation, whether due to resignation, termination, or retirement. However, some individuals may have the option to convert their group coverage into an individual policy upon retirement, although the employer may not continue to pay the premiums.

Group life insurance often requires minimal, if any, medical underwriting, making it accessible to a broader range of people, including those who may have difficulty obtaining individual insurance due to health issues. Regarding tax implications, the death benefit is typically tax-free to the employee if the coverage is below a certain threshold.

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