Group Life Insurance is aa benefit that employees value and which protects the business
When we think of employee benefits, we usually talk about salaries, bonuses, health insurance or flexibility. But there is another benefit that deserves our full attention: Group Life Insurance.
For employees, knowing that they have additional protection for themselves and their families provides a sense of security and peace of mind. It is a benefit that shows the company looks beyond the present and cares about the people who make up its team.
In a context where benefits are playing an increasingly important role in attracting and retaining talent, offering protection in the event of death or disability can be particularly valued.
There are also tax advantages for the company: provided the applicable legal requirements are met, the bonuses may be treated as a tax-deductible expense for corporate income tax purposes, in accordance with the conditions and limits set out in the legislation. In certain circumstances, a limit of 15% of the total wage bill applies, so it is important to analyse each specific situation.
Group life insurance can therefore offer three advantages: protection for employees, enhancement of the benefits package, and tax efficiency for the company.
At Grumese, we help companies find a solution that meets their needs and those of their staff.
Because there are benefits that are not measured solely by their cost, but by the security they provide.
Grumese, always with your confidence
Talk to us:
Contact 214 131 310
jose.monteiro@grumese.pt
Insurance agent with authorisation for life and non-life insurance, verifiable at www.asf.pt. It is authorised to receive premiums for delivery to the insurance company and, in general, it is authorised to take out insurance in the name and on behalf of insurance companies, but it never proposes or assumes risk cover in its own name, which is the exclusive responsibility of insurance companies under the terms of the applicable legislation. It does not dispense with consulting the legally required pre-contractual and contractual information.
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