Company Life Insurance

Get Life Insurance for Your Company With Proper Finance

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Getting Company Life Insurance With Proper Finance

Also commonly referred to as business life insurance, company life insurance is a cover that helps to support a company through any financial damages they may suffer as a result of an employee death. There are many different types of company life insurance, all of which go to help financially support businesses that are affected by an employee death.

What aspects of the business that the insurance will cover will depend entirely on the type of policy taken out. There are two main areas that company life insurance will cover, these being as follows:

Employee cover – this type of cover will help to financially support the employee’s immediate family through the death of their loved one. It provides a lump sum of money to the immediate family to help support them through any financial losses they have suffered as a result of their loved one dying.

Company cover – this type of cover will help to support a company through the financial losses they have incurred through the death of an employee. Company cover is only usually taken out on employees that are crucial to the business’s function (e.g. a manager or director), as these are parts of the workforce contributing majorly to its success and function.

Company life insurance is something that should always be considered by those running a business, as it not only helps to support those most affected by an employee’s death, but also comes with a list of other great benefits.

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What Are the Benefits of Company Life Insurance for Employers?

Whilst company cover comes with one very obvious benefit, ensuring the stability and future of a business, even when a major figure within it dies, there are also some great ways in which a company can also benefit from employee cover.

In addition to being quite tax-efficient, as the policy is able to be classified as a business expense, employee life insurance cover can help to attract new employees whilst also helping to boost the workforce morale. With employees feeling recognised and appreciated for their work with such benefits as company life insurance, this can encourage them to keep performing to the best of their abilities, thereby retaining work productivity within the business.

What Are the Benefits of Company Life Insurance for Employees?

Company life insurance can benefit an employee in many ways. Whilst primarily for employee cover as opposed to company cover, company life insurance can help an employee to safeguard the financial stability of their loved ones in the event of their death. In addition to financial support, it can also help to provide emotional support in the form of bereavement counselling to the immediate members of the employee’s family.

Why Apply for Company Life Insurance With Proper Finance?

Approachable

We aim to be as approachable as possible for our customers, and will always do our very best to assist you with any and all queries you may have concerning any part of our application process and more.

Fast decisions

Our online application only takes minutes to complete, with decisions being made very quickly after this. A member of staff will contact you to help you proceed with the final steps.

High quality

Proper Finance have more than 100 top-quality partners in insurance and loans.

Reputable and trustworthy

Each and every one of the providers we work with are fully checked to ensure their reputability, their trustworthiness, and furthermore their competency in helping to provide you with the financial services you require.

Free online application

The Proper Finance comparison site is free to use and there are no upfront fees for filling in our online application.

Applying for Company Life Insurance With Proper Finance

You can find the best company life insurance covers through Proper Finance, simply by filling in one of our online forms. Our application process is quick and simple to complete, and will help you to find the best policies at competitive prices. Proper Finance works with over 100 top-quality loan and insurance providers, all of which go under a strict vetting process to ensure they are both reputable and trustworthy.

We like to help our customers our with any and all questions they have about our lenders and the financial products they provide. If you have a query, you can contact us either via email or over the phone, and we will try our very best to help you out.

Proper Finance also offer help finding other financial products such as low-cost loans. If you are looking for further finance, you can visit Our Products to find out more.