Protect Your Team with Company Life Insurance
Company life insurance provides essential cover for your employees, helping attract and retain talent while ensuring financial stability for their families.
Learn how company life insurance can strengthen your employee benefits package and protect those who matter most.
Ready to take the next step?
We can provide a quotation from every insurer in the market for you in just one email or call. We don’t share data, and we don’t send your details to brokers, just a great, personal service that saves you time and hassle and ultimately money.
What is Company Life Insurance?
Company life insurance is a policy taken out by employers to provide financial support to the families of employees in the event of their death. This type of benefit is increasingly popular for companies looking to offer a competitive employment package, helping to attract and retain key staff.
By providing a lump sum to an employee’s family, company life insurance helps provide peace of mind and security for those they leave behind.
Call us now and we will be able to quote you in just 60 seconds. We know you don’t want the big pitch so if you prefer, we can quote you and be led by the questions you want answered, no hard sell and no sharing of data with numerous other people.
Call 0330 818 3433
Key Benefits?
Get a quote from every UK insurer in just 60 seconds. No big pitch, no passing your data to numerous brokers, just a great personal service with no pressure.
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How Company Life Insurance Works
Company life insurance works by providing a financial safety net for the families of employees if they pass away while in employment. The company pays the premiums, and if a claim is made, a lump sum is paid to the employee's beneficiaries.
This not only provides vital support to the family but also demonstrates the company's commitment to employee welfare.
Who Should Consider Company Life Insurance?
Company life insurance is ideal for businesses of all sizes that are looking to enhance their employee benefits package. It is particularly beneficial for small to medium-sized enterprises that want to compete with larger corporations by offering comprehensive life cover to their teams. Providing company life insurance can be especially valuable for retaining key employees who are vital to the business’s success. By showing that you care for their welfare, you enhance loyalty and build a more dedicated workforce.
Can small businesses afford company life insurance?
Why Choose Executive Life for Company Life Insurance?
At Executive Life, we understand the importance of taking care of your employees. Our company life insurance policies are tailored to fit your business needs.
We offer:
Client Reviews
Smooth process, easy to deal with and most importantly they saved me a lot of tax by switching my policy to one that could be paid for by the business.
Recently used them for relevant life and income protection. Professional and informative.
I set up shareholder protection policies for me and my business partners through Executive Life. They found us competitive quotes and the process was swift. I would highly recommend to other company directors.
Executive Life helped me find the best deal for my life insurance policy and also my income protection policy. It was very easy and the process took no time at all - I would highly recommend them!
Very happy with the service and process I went through. They explained how the income protection policy worked and how it would be tax efficient for me through my limited company.
£20,787 Saving With Relevant Life Insurance
Mr Jones is the Director of Jones & Co Limited and is looking for a £1,000,000 life insurance policy. He could pay for a policy personally from taxed income, or he could pay for a relevant life cover through the company. He is a higher-rate tax payer.
The premium for both types of policy is identical and both are offered by L&G in this example. The premium for £1,000,000 cover is £85 a month and the policy will last for 20 years.
If Mr Jones needs to withdraw £85 net a month from his company to pay for the premium on a personal policy, the cost to the company would be £155.46. The increased costs take into consideration the corporation tax and dividend tax paid by the company and Mr Jones to receive a net £85.
If the premium was paid by the business via relevant life cover, then the business would receive corporation tax relief on the £85 a month premium. This would reduce the real cost to £68.85 and save Mr Jones £20,787 over the lifetime of the policy.
Find Out How Much You Could SaveCompany Life Insurance vs. Other Employee Benefits
A side-by-side comparison to help you understand why a relevant life policy might be better for you than other options
Company Life Insurance
- Provides financial support to employees’ families in the event of death, enhancing the overall employee benefits package.
Private Medical Insurance
- Focuses on providing healthcare coverage for employees but does not cover financial loss due to death.
Your Questions About Company Life Insurance Answered
Common questions include:
Is company life insurance taxable?
Can the policy be extended to cover critical illness?
What are the next steps?
Finding the right Company Life Insurance for you and your company can be difficult. There are twelve primary insurers, and obtaining quotations from all of them takes time.
At Executive Life, we specialise in finding the right policy for you. We will show you quotations from every insurer in the market so you can choose the right cover for you.
We will also complete all of your application documentation over the phone and save you the hassle of multiple paper application forms and endless admin. Our team will cover all of that for you.
Ready to Protect Your Team?
Show your employees that you value their contributions by providing them with essential life cover.
Our advisors are ready to help you explore company life insurance options that fit your needs. Secure your employees’ future today
Fill out the form above to receive a tailored quote for Company Life Insurance, or call us directly to speak with one of our advisors.
