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Death in service benefit - also known as group life insurance - is an insurance policy taken out by you as an employer to support your employee's loved ones with a cash lump sum payment should the worst happen.
Attract and retain the best people for your business with a worthwhile employee benefit.
Give your team the protection they deserve. It may be a more affordable benefit than you think.
Save time and get impartial, unbiased quotes from our panel of industry leading insurers.
This information is based on our current understanding of current tax law legislation and HMRC practice.
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Our comparison service is specifically designed for SME’s and we can return quotes for as few as 3 employees.
When your scheme rate ends after the initial guaranteed period you can return to us for new quotes. This will allow you to compare the auto-revision cost of your existing policy with other providers.
We've been helping people compare individual life insurance policies since 2001 and have facilitated 100,000s of sales so far. Designed to help you save time and money, Protect My People aim to find you the most cost-effective group life policy for your needs.
Death in service benefit can be time consuming to research and set up. Getting quotes for different products from individual insurance companies can take hours. Protect My People do the work for you. We compare policies from leading death in service benefit providers so there’s no need to contact each one individually.
We provide you with everything you need to decide which policy is right for you including the key features and prices from the providers on our panel. The majority of our providers are able to provide quotes within two working days so you can cover your team quickly.
When your policy’s guaranteed rate is up for revision, we’ll send you a reminder so you can return to Protect My People and review quotes. Simply update the details about your business and employees to see whether you could save money and we’ll return new quotes to you as quickly as possible.
Whether your business has 3 employees or 250 we have providers on our panel who can offer you a quote. You may be surprised at the relatively lower cost of a death in service policy per person compared to the cost of individual life insurance policies.
Usually we’ll provide you with a range of different policies to choose from. Some of these policies will have additional features that you may want to include in your death in service benefit scheme. These can include bereavement support or probate services for your employee’s loved ones. We will provide you with everything you need to compare the key features of each policy and decide which will best suit your needs.
We understand how important it is to keep your death in service scheme under review and as with all business costs, ensure you are getting the best possible value for money. When your two-year guaranteed rate comes to an end, we make it easy to get new quotes.
Simply come back to Protect My People before your scheme’s two-year anniversary and update the information you originally provided about your business and employees. We will then return new quotes to you within two working days. In some cases, our providers may not be able to return quotes this quickly but we will send them to you as soon as we receive them and provide you with a final quote summary within 11 working days.
Once we have provided you with all the information you require you will be able to decide whether to remain with your existing insurer or switch to another. As long as you have taken into account any staff illnesses or absences from work, we will be able to arrange your insurance quickly and without any hassle.