GLA policies typically cost less than half a percent of payroll and extra support benefits provide extra value for money, despite common misconceptions
To coincide with Dying Matters week, Group Risk Development (GRiD) has highlighted that group life assurance (GLA) will pay out if a policyholder takes his or her own life, despite widely held beliefs that this would not be the case. The common misconception is that employer-sponsored life assurance, the most common group risk product, does not pay out in the event of suicide, GRiD has warned. For individual life assurance, a pay-out for death from suicide usually depends on a set amount...
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