Employer group life insurance provides financial protection for employees and their families in the event of death or terminal illness. It is a meaningful component of an employer’s benefits offering, demonstrating a genuine commitment to employee welfare and long-term security.
What are the benefits?
Some of the benefits of employer group life insurance include providing a lump sum payment to an employee’s beneficiaries upon death or diagnosis of a terminal illness, supporting workforce well-being and morale, attracting and retaining quality staff, offering cost-effective cover through group purchasing power and demonstrating a duty of care to employees and their families.
What can it cover?
- Accidental death cover
- Automatic acceptance limits (no medical underwriting up to a set threshold)
- Cover for full-time, part-time and casual employees
- Death benefit paid as a lump sum to nominated beneficiaries
- Terminal illness benefit
- Total and permanent disability (TPD) cover
What usually isn’t covered?
- Active military service
- Criminal or illegal acts
- Pre-existing conditions are not covered in certain circumstances
- Suicide within the first 13 months unless takeover terms apply
Other cover may be considered and additional exclusions may apply.
Salary continuance
While Group Life Cover provides your employees and their families with financial security in the event of death or terminal illness, it’s equally important to consider what happens when someone is unable to work for an extended period due to illness or injury. That’s where Salary Continuance Insurance comes in. Unlike a lumpsum life benefit, Salary Continuance is designed to support employees during their recovery by replacing a portion of their income, helping them maintain financial stability while they focus on getting back to work (more information).
At DKG Insurance Brokers, we understand that the needs of each customer are different, therefore we will take the time to assess your individual risk requirements and deliver a bespoke solution. Please reach out to one of our experienced brokers today.
Important note− The information provided is general advice only and has been prepared without taking into account your objectives, financial situation or needs. When making decisions about employer group life insurance, please consider the Product Disclosure Statement.
Employer group life insurance is one of the most tangible ways an employer can demonstrate genuine care for their people. Beyond the financial protection it provides to families, it signals a culture of responsibility and trust. We work with our clients to structure cover that is meaningful, cost-effective and aligned to the real needs of their workforce.
Why Choose DKG People Risk?
Please reach out to our DKG People Risk experts, via email or call on 1800 252 926 to learn more about how we can tailor employer group life insurance solutions to meet your unique needs.
Choosing DKG People Risk means partnering with a team that is deeply committed to your success. Our experience, combined with a profound understanding of both employer and employee needs, positions us uniquely to deliver solutions that truly make a difference.
With DKG People Risk, you’re not just investing in insurance products; you’re investing in a brighter, more secure future for your entire organisation. Together, we can navigate the complexities of today’s workplace and build a foundation for sustained success.
We invite you to discover how DKG People Risk can help you protect your most valuable asset—your people. Let’s work together to create a supportive and resilient environment where both your employees and your business can thrive.
Employer group life insurance is one of the most tangible ways an employer can demonstrate genuine care for their people. Beyond the financial protection it provides to families, it signals a culture of responsibility and trust. We work with our clients to structure cover that is meaningful, cost-effective and aligned to the real needs of their workforce.