Life

The incidence of death prior to retirement is fortunately quite low and continues to decline further, due to healthier lifestyles and improved life expectancy. In OECD-countries average life expectancy has increased from 70 years in 1970  to approximately 82 years today.

Statistical evidence also indicates that about 95% of deaths are illness-related, while the remaining 5% are due to occupational and private life accident.

A Group Life Insurance does provide a meaningful financial safety net for the employees’ dependants in the event of premature death. It also strengthens your employer’s reputation as a responsible and caring organisation and addresses your employer’s liability in case of occupational accident, involving one or several lives.

The insured Life benefit is generally structured either as a multiple of annual remuneration or as a contractual lump sum.

A Group Life Policy involves minimal administration for insurer and employer.   

Even in the rare event of a claim, its settlement is generally uncomplicated and swift.

1. Long-Standing Policies

Despite their importance, many Group Life Policies receive insufficient attention once initially established. The absence or very limited frequency of death claims often contrasts significantly with the aggregate volume of premiums paid over the same period.

2. Optimization Potential

A comprehensive and professional review often reveals opportunities to improve contract wording and to enhance the insured guarantees already in place, while generating simultaneously yearly recurrent cost savings for your company, without altering your collaboration with the existing insurance provider and broker.