Group Life Insurance

Group life insurance that provides more than just financial protection.

With a broad range of policy options, our life insurance is designed to work for small businesses and large employers alike. Group life cover is one of the most important insurance products a company can have, easing the financial pressures on an employee’s family in the event of their death. The benefits can be paid as a lump sum, pension, or both - depending on your client’s needs.

Group life from AIG

Alongside financial support, we believe in providing the support services that families will value most. Our short video explains what group life from AIG has to offer.

Group Life from AIG is designed to provide financial, practical and wellbeing support for your employees.

For over 100 years, AIG have been preparing people for what’s next in life.
AIG Life UK is a protection specialist. With 1.2 million customers across the UK, we’re proud to be life insurance experts.

For us, life insurance is about more than financial security. We believe in helping your employees and their families to live their healthiest lives and supporting them when they need us most.

Our Group Life policies combine financial support with practical health and wellbeing services for your employees and their families.

We want to help your employees to be happy, be healthy and be their best. From day one, all insured employees will be able to use Smart Health.

Unique to AIG Life, Smart Health provides unlimited access to six health and wellbeing services for no extra cost, including 24/7 access to virtual appointments with registered GPs.

Life insurance eases the financial pressures on your employee’s family at an extremely difficult time.

Alongside financial support, we believe in providing the support services that families will value most. We provide a 24/7 bereavement helpline, specialist bereavement support for children through Winston’s Wish and a probate helpline for employees and their families.

We’ve designed our Group Life Insurance to be as easy as possible for your business, whilst making your employee benefits package stand out.

You’ll benefit from underwriting expertise, a simple set up process, quick and easy claims and ongoing support from our team. With AIG Life, you can be confident that you’re providing your employees with a best in class benefit.

Speak to your adviser to find out how Group Life from AIG could help your employees be their best

Product features

  • Competitive pricing
  • Straightforward online setup and administration
  • Market leading support services
  • Wide range of policy options available, including support services
  • Trust options: registered master trust or excepted life trust

Cover options

  • Available for three employees or more, with no maximum
  • Insured as a lump sum or death-in-service pension
  • Cover available up to age 75
  • Accurate premium calculations - no averaging
  • Up to 20x salary available, or any fixed benefit amount
  • Premium rates are guaranteed for two years
  • Straightforward individual assessment completed online
  • Competitive automatic acceptance limit for all schemes 

Smart Health – physical and mental health support services for all insured employees

Smart Health gives all insured employees the tools they need to manage their health and wellbeing. Employees can use the Smart Health website or app to book a virtual GP appointment, and speak to a registered UK doctor by phone or video call, 24/7. Smart Health also provides mental health support, offering consultations and therapy sessions with qualified medical health professionals.

This is Suzanna. Suzanna lives in Yorkshire.

She’s got a new job in London and commutes on the train.

She knew something wasn’t right with a funny spot on her forehead that wouldn’t go away.

She struggled to get a convenient Doctors appointment in between juggling work but knew something was really wrong when the spot got bigger.

Suzanna remembers she’s got Group Life cover with AIG Life through her employer. In the hotel that night she reaches for her phone to make a convenient appointment.

Suzanna feels Smart.

Get Smart Health from AIG Life. Whatever the time.

Discover more about how Smart Health could help your  client's employees.

Master Trust 

Maintaining a group life trust and acting as trustees in the event of an employee’s death can be daunting. That’s where professional trustees PTL come in.

For registered group life assurance schemes this is a single trust which is set up and administered by professional trustees, PTL. Either new or existing schemes can opt to join the trust at no extra cost. Employers do not need to maintain their own trust or act as trustees in the event of a death, this is done by PTL.   

  • There’s no need to wait for HMRC registration
  • There’s no need to set up a trustee bank account
  • There’s no need for an employer to act as trustees
  • Schemes can go on-risk quicker, with no extra forms required
  • Trust deed and rules are kept up to date

Excepted Life Trust

Whether your clients are new or existing excepted group life policyholders, the excepted life trust is available to them at no extra cost.

With this service, your clients can be sure their trust deed is properly worded and that professional trustees will be on hand if a death happens (provided by PTL).

This helps to speed up beneficiary payments.

The benefits of Excepted Life Trusts are quicker payments to beneficiaries, less administration, and reduced legal and tax risks

How your clients can establish an Excepted Life Trust

For a new policy:
  1. Download the excepted life trust deed.
  2. Open the PDF and complete the grey fields in the document (REGNUMBER is the Companies House registration number for the company).
  3. Indicate the date you wish to start the new trust in the grey date field ‘StartDateofPolicy’ (the trust can’t be backdated, so please use a date in the future).
  4. Save the PDF, print and sign it.
  5. Scan the signed document and email it to groupquotes@aiglife.co.uk with your completed application form, prior to the policy start date.

 

For an existing policy:
  1. Download the excepted life trust deed.
  2. Open the PDF and complete the grey fields in the document (REGNUMBER is the Companies House registration number for the company).
  3. Indicate the date you wish to start the new trust in the grey date field ‘StartDateofPolicy’ (the trust can’t be backdated, so please use a date in the future).
  4. Save the PDF, print and sign it.
  5. Scan the signed document and email it to groupclientservice@aiglife.co.uk with your policy number.

 

How to complete the Excepted Group Life trust document

We’ve put together a guide to help you complete the document

Read more

Additional support services

We provide a 24/7 bereavement helpline, specialist bereavement support for children through Winston’s Wish and a probate helpline for employees and their families.

Bereavement helpline

This service offers all group life clients, their employees and families 24/7 access to a completely confidential bereavement helpline and up to four sessions of face to face or telephone counselling. It’s designed to support employees and their families following the loss of a loved one, whether that be through developing support strategies, clinical counselling, a referral to a therapy group or providing a dedicated listening service.

Find out more

Two children painting with their hands

Winston’s Wish

We’re also proud to work with Winston’s Wish - the leading UK charity helping bereaved children get the specialist help they need when coping with grief.

Learn more

Probate helpline

Our free-to-use probate helpline can help employees and their families understand the process for obtaining probate following a bereavement. Employees have unlimited access to the telephone helpline, available Monday to Friday 9am-5pm, to provide them with support and guidance to navigate the potentially tricky legal, financial and tax issues resulting from a death.

Learn more

Get in touch

To get a quote for a client, give us a call on 0330 303 9978 or email us at groupquotes@aiglife.co.uk

If you're quoting for a scheme of up to 200 employees, visit our online portal to get a quote now.

 

Group life information to share with your clients

If your clients are looking to purchase group life insurance, share our animation with them, which explains all of the benefits group life has to offer.

You can also point them to our ‘why buy group life’ page, highlighting the value of group life for a company and it’s employees.

Literature and support materials

Registered Group Life - Technical guide

An overview of the Registered Group Life policy. Policy aims, how it works, what is covered and premiums charged.

Download Updated 22 Jul 19
Excepted Group Life - Technical guide

This guide is a comprehensive overview of our Excepted Group Life product.

Master Trust deed

A document about AIG Group Protection Master Trust deed.

Download Updated 31 Mar 19
Master Trust FAQs

This document provides a list of questions and answers about trusts.

Download Updated 31 Mar 19
Registered Group Life - Product summary

An overview of the key features of our Registered Group Life product.

Download Updated 22 Jul 19
Excepted Group Life - Product summary

This document is a high level outline of our Excepted Group Life product. For full information please refer to the technical guide or policy terms and conditions.

Download Updated 22 Jul 19
Registered group life and DISP – product summary

An overview of the key features of our registered group life & DISP product.

DOWNLOAD Updated 22 Jul 19