Corporate Insurance
Group Term Life
A lump sum to the family, funded by the employer.
In short
Group term life pays a lump sum to an employee's nominee if they die during employment, from any cause subject to the wording. Cover is usually a multiple of annual salary, and most schemes issue it without medicals up to a free cover limit.
What is covered, and what is not
Typically covered
- Death from any cause, subject to the policy wording
- Cover without medical tests up to the free cover limit
- Automatic cover for new joiners between renewals
- Accelerated critical illness or accident benefit, where added
Typically excluded
- Suicide within the first policy year, in most wordings
- Non-disclosure of a material health fact above the free cover limit
- Death after employment ends, unless continuation was arranged
Cover and exclusions vary by insurer and by the wording issued for your risk. We confirm the exact terms on the quotation before you buy.
Why buy this through Trust Cover
Insurer-neutral advice
Quotations from several insurers, compared on wording and claims record, not premium alone.
Exclusions explained first
You see what is not covered before you buy, in plain language.
Claims handled by us
We prepare the file, submit it and chase settlement on your behalf.
Working with us
We are insurer-neutral. For every enquiry we approach multiple insurers, compare the wordings as well as the premiums, and tell you where they differ on the points that decide a claim.
After the policy is issued we stay involved: endorsements, mid-term changes, renewal reminders that start ninety days before expiry, and claims that we prepare, submit and follow to settlement.
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