Life insurance for employees

Insurance Broker Insurance Audit: Benefits For The Employees Life Insurance for Employees

Life insurance for your company’s employees is preparation for the unexpected

If you’ve been thinking about ways to enhance your employees’ well-being in your company, don’t overlook this key benefit: employee life insurance. Such business insurance can help with employee retention, and is part of a package of fringe benefits your business can offer alongside employee health insurance.

Providing a safety net for employees can protect their peace of mind, reduce stress and even improve concentration at work.

Life insurance for your employees can be taken out either as a legal obligation or to show that you care about those who contribute to your company’s success.

With employee life insurance packages from Leader Team, you can enjoy:

Flexible solutions, tailored to your specific business needs

Full employer and employee coverage

Packages at great prices

Life insurance for employees – what is it and how is it calculated?

Life insurance for employees is a useful protection tool against the unexpected. The amount of insurance money cannot relieve the suffering of loved ones, but it is a useful aid to loved ones left behind by the deceased. Thus, in the event of the death of an insured person, the family or the beneficiary of the insurance receive the amount stated in the policy.

Life insurance covers death as the main risk. Additional clauses and coverages can be added to it, and the policy can be customized and adapted according to the company’s profile and needs.

Several factors are taken into account when calculating life insurance for employees, such as age, gender, duration of insurance, field of activity and the associated risk.

death from any cause

death as a result of an accident

hospitalisation following an accident

hospitalisation from any cause

surgery following an accident

surgery from any cause

fractures following an accident

burns following an accident

temporary incapacity for work following an accident

temporary incapacity for work from any cause

partial or total invalidity as a result of an accident

partial or total disability from any cause

serious illness

occupational diseases

necessary medical expenses following an accident

necessary medical expenses due to any cause

Life insurance for employees can contribute to increased productivity in the workplace

Financial security is associated with higher productivity at work.

The Consumer Financial Protection Bureau found that when employees waste time and energy worrying about taking care of their families, they become less productive. Knowing, however, that no matter what happens, their heirs or loved ones will benefit from considerable financial support, employees have a psychological security that is reflected in their work.

You can confidently turn to the Leader Team to select the most advantageous life insurance for your employees.

Private life insurance for employees - Financial protection for employees' families

It is important that, in the event of an unfortunate event, the employee knows that their family will continue to make a decent living. Death caused by either an accident or illness is fully covered – meaning that the insured person’s family or their designated beneficiaries will receive a sum of money equal to the sum insured set at the start of the contract.

Life insurance for employees even after hours

Depending on the policy chosen, the employer can decide from which moment of employment the employee’s insurance is active. However, as long as the policy is active, the life insurance offered to employees by the employer is valid 24 hours a day. The policy covers the listed events even if they occur outside the employee’s working hours.

Life insurance for employees - Timely cost reimbursement

With most of our partners, costs are reimbursed between 7 and 90 days after the last document is submitted. The sum insured is the amount in the policy. This can be customised. To receive the sum insured, the following are required: a claim form (completed and signed by the beneficiary) and a doctor’s statement in the event of the death of the insured person.

Employee life insurance with claims assistance for full and prompt compensation

Most of the time, creating the necessary documentation or the procedures for refunding the money are complicated. Fortunately, our team of consulting and assistance specialists will tailor your company’s needs. Our customer service takes care of the whole process – opening the claim file, documenting the case, analysing the file, offering optimal solutions and confirming that the money is received from the insurer in due time.

Life insurance for employees – financial protection for your employees

Life insurance for employees are programs that offer financial protection, the main risk covered being death. If you want to increase the well-being of the employees in the company you manage, life insurance for employees is an excellent option. These are attractive for those who work in the company, because they offer them a safety net in case of unforeseen events. Employee life insurance can also be considered a way to retain employees and show them that you care about them. Leader Team Broker offers you flexible solutions, customized and adapted to the needs of your business. Call with confidence our team of specialists to receive advice regarding the selection of a suitable life insurance for employees or a accident insurance for employees. Leader Team also offers you the opportunity to choose a health insurance for employees, with flexible plans and advantageous prices.

Private life insurance for employees – what can such a policy include?

The main risk covered by life insurance for employees is death. However, depending on the profile of your business and the needs you have, you can also include additional coverages such as hospitalization as a result of an accident, hospitalization for any reason, surgical interventions as a result of an accident, fractures or burns as a result of a accident, serious illness, occupational illness and many others. When taking out life insurance for employees, various factors are taken into account, including age, gender, field of activity and the risk associated with it. Regardless of the type of policy you opt for, employees will certainly be more motivated and productive, knowing that they have financial security.

Frequently asked questions about life insurance for employees

1. Who can take out life insurance policies for employees?

Any company can take out such policies for its employees. This can be done either because of a legal obligation or voluntarily – depending on the specifics of the business.

2. Who are the beneficiaries of employee life insurance?

The beneficiaries of an employee life insurance policy can be: the employee, if the policy also covers accidents or costs associated with illness (depending on the terms of the policy) or the person(s) named in the contract with the insurer.

3. What does an employee life insurance cover?

A life insurance policy for employees covers, as the main risk, their death – but other clauses and additional coverages can be added.

4. What are the advantages for an employer when deciding to offer life insurance to employees?

A life insurance contributes to employee retention and increased productivity, which is specific to employees who enjoy fringe benefits from a company. Not least, such a policy is a safety net in case of death at work.