International Group Life Insurance

Protect your team - and your business - with international group life insurance
International group life insurance is designed to provide for your expatriate and local employees' dependents in the event of their death, with the international insurance cover providing a lump sum and/or income to any dependents on death. More importantly it provides the employee with peace of mind that, should the worst happen, their close family will not be left to struggle with financial difficulties.
The benefit of international group life insurance
The benefit of international group life insurance is one we all hope will never be needed, but having it in place demonstrates care for the welfare of your expat and local employees and their families.
No matter what size or type your organisation is, you can have a flexibly designed employee benefit program. You can access advice both online and offline to ensure you get precisely what you want. Other expatriate benefits available include our international disability insurance. Let us know if you've any questions about any of our international insurance services.
You'll be tapping into Bellwood Prestbury International experience to ensure that the design and implementation of a complete range of international and local employee benefits for your overseas expatriate workforce, including any international group life insurance provision, is on target.
In less developed countries more and more expat employers are looking beyond local insurance companies, as the market is often in its infancy with insufficient capacity to underwrite the amounts involved. You can choose to use us to cover local companies (subject to local regulations) if they require the security and quality offered by an international insurance company.
What are the advantages of our international group life insurance policy?
Good expat and local employment benefits can make the difference between keeping your key staff and losing them to a competitor, but there are many advantages both for you as an employer and for the staff that receive them.
International group life insurance for employers:
You can recruit the best expatriate and local candidates - and keep them.
You will provide security and transfer the risk without putting an unacceptable strain on company resources.
You can usually claim the costs as a business expense.
An international group life insurance policy can be put in place quickly with the minimum of paperwork and with little time or cost involved in administration.
International group life insurance for the employee:
The biggest benefit for most employees is peace of mind. To know that their financial security and that of their dependants has been provided for is priceless.
Should they have to claim, any lump sum payable is normally free from tax.
What cover does international group life insurance provide?
You are free to select the level of international insurance benefit for your employees, such as a fixed sum or a multiple of salary.
Your final decision may be driven by cost, but other factors will inevitably have an influence:
your employees expectations,
the employment philosophy of your organisation,
your company's desire to provide a realistic benefit,
the group life insurance cover provided by your competitors.