Group life insurance

Group life insurance that provides more than just financial protection.

With a broad range of policy options, our life insurance is designed to work for small businesses and large employers alike. 

Group life cover is one of the most important insurance products a company can have, easing the financial pressures on an employee’s family in the event of their death. The benefits can be paid as a lump sum, pension, or both – depending on your client’s needs.

Product features

• Competitive pricing
• Straightforward administration
• Market leading support services
• Wide range of policy options available, including support services
• Trust options: registered master trust or excepted life trust

Excepted life trust

The excepted life trust is available to existing excepted group life policyholders at no extra cost.

With this service, your clients can be sure their trust deed is properly worded and that professional trustees will be on hand if a death happens (provided by Zedra Governance Ltd).

This helps to speed up beneficiary payments.

Master Trust 

Maintaining a group life trust and acting as trustees in the event of an employee’s death can be daunting. That’s where professional trustees Zedra come in.

For registered group life assurance schemes this is a single trust which is set up and administered by professional trustees, Zedra. Existing schemes can opt to join the trust at no extra cost. Employers do not need to maintain their own trust or act as trustees in the event of a death, this is done by Zedra.   

• There’s no need to wait for HMRC registration
• There’s no need to set up a trustee bank account
• There’s no need for an employer to act as trustees
• Schemes can go on-risk quicker, with no extra forms required
• Trust deed and rules are kept up to date

How your clients can establish an Excepted Life Trust

For an existing policy:

1. Download the excepted life trust deed.
2. Open the PDF and complete the grey fields in the document (REGNUMBER is the Companies House registration number for the company).
3. Indicate the date you wish to start the new trust in the grey date field ‘StartDateofPolicy’ (the trust can’t be backdated, so please use a date in the future).
4. Save the PDF, print and sign it.
5. Scan the signed document and email it to groupclientservice@aiglife.co.uk with your policy number.

How to complete the Excepted Group Life trust document

We’ve put together a guide to help you complete the document

Read more

Smart Health offers employees access to six personalised services, including nutrition plans and workout programmes to help ward off illness, as well as a second medical opinion service. But most importantly, they have 24/7 access to a GP. Whether it's over the phone or via video call, employees can speak to a medical professional wherever they are. All insured employees can benefit from Smart Health. 

Cover options

• Available for three employees or more, with no maximum
• Insured as a lump sum or death-in-service pension
• Cover available up to age 75
• Accurate premium calculations - no averaging
• Up to 20x salary available, or any fixed benefit amount
• Premium rates are guaranteed for two years
• Straightforward individual assessment completed online
• Competitive automatic acceptance limit for all schemes