International group life insurance is designed to provide for your expatriate and local employees' dependents in the event of their death, with the international insurance cover providing a lump sum and/or income to any dependents on death. More importantly it provides the employee with peace of mind that, should the worst happen, their close family will not be left to struggle with financial difficulties.
The benefit of international group life insurance is one we all hope will never be needed, but having it in place demonstrates care for the welfare of your expat and local employees and their families.
No matter what size or type your organisation is, you can have a flexibly designed employee benefit program. You can access advice both online and offline to ensure you get precisely what you want. Other expatriate benefits available include our international disability insurance. Let us know if you've any questions about any of our international insurance services.
You'll be tapping into Bellwood Prestbury International experience to ensure that the design and implementation of a complete range of international and local employee benefits for your overseas expatriate workforce, including any international group life insurance provision, is on target.
In less developed countries more and more expat employers are looking beyond local insurance companies, as the market is often in its infancy with insufficient capacity to underwrite the amounts involved. You can choose to use us to cover local companies (subject to local regulations) if they require the security and quality offered by an international insurance company.
Good expat and local employment benefits can make the difference between keeping your key staff and losing them to a competitor, but there are many advantages both for you as an employer and for the staff that receive them.
You are free to select the level of international insurance benefit for your employees, such as a fixed sum or a multiple of salary.
Your final decision may be driven by cost, but other factors will inevitably have an influence:
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International group life insurance - to discuss your particular needs, or for an international group life insurance quote.