Business Immigration
Group Life Assurance
Provide peace of mind with our group life assurance, supporting employees’ families in times of need. Get in touch today.
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0800 0986220
When the unexpected happens, Group Life Assurance provides vital financial security for your employees’ loved ones.
At Omny Benefits, we work with SMEs to design and implement cost-effective Group Life schemes that deliver peace of mind and demonstrate a strong commitment to employee wellbeing.
This employer-sponsored benefit ensures a tax-free lump sum payout to an employee’s beneficiaries, offering immediate financial stability during difficult times. With affordable premiums and options for long-term dependent pensions, Group Life Assurance is an impactful way to support your team and their families.
But financial support isn’t the only benefit. Many Group Life policies also offer comprehensive support services, including bereavement counselling, legal advice, and mental health resources, ensuring your employees and their families feel cared for beyond financial protection.
At Omny Benefits, we tailor every scheme to your workforce, simplify administration, and ensure alignment with your broader business objectives.
Frequently asked questions
How much does Group Life Assurance cost?
The cost depends on factors such as workforce size, employee ages, and the level of cover chosen. However, Group Life Assurance is often significantly more affordable than individual life policies. At Omny Benefits, we’ll guide you in finding a cost-effective policy tailored to your budget while delivering maximum value for your team.
How much cover should I provide for my employees?
A common approach is to offer cover based on a multiple of employees’ annual salaries, usually two to four times their earnings. However, factors such as employee age, family circumstances, and outstanding financial commitments should also be considered. Our experts at Omny Benefits will help you determine the optimal level of coverage for your workforce.
What other support services are included with Group Life Assurance?
Many Group Life policies offer additional benefits, such as:
- Bereavement counselling
- Mental health resources
- Legal advice
- Employee Assistance Programmes (EAPs)
These services not only provide immediate support in times of crisis but also contribute to your team’s ongoing wellbeing.
Is Group Life Assurance a taxable benefit for my employees?
No, the lump sum payout from a Group Life Assurance policy is typically tax-free. This ensures families receive the full benefit amount, providing crucial financial support during challenging times.
How do I set up a Group Life Assurance scheme for my business?
Setting up a Group Life Assurance scheme is straightforward with **Omny Benefits**. Our team will:
- Assess your business needs and goals
- Compare quotes from trusted providers
- Ensure seamless implementation and enrolment
- Provide ongoing administrative support
We’ll guide you through every step to ensure your scheme is tailored, compliant, and easy to manage.
Ian Beaumont
Group CEO
Angie Crush
Head of Employment Law
Mike Kealey
Managing Director, Omny HR
Amanda Menahem
Group HR Director & Head of Omny Performance
Chris Halloran
Group Finance Director
Jonelle Wilkin
Group Head of Operations
Russell Corlett
Health & Safety Director
Lorraine Williams
Senior Legal Director
Paul Andrews
Director
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