International life insurance – providing financial compensation for an employee’s family or dependents in the event of his or her death – is seen as an essential employment benefit by many senior executives.
International life insurance solutions for multinational companies.
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Creating an international group life insurance scheme for your company can deliver this benefit anywhere in the world. It may also enable you to reduce the administrative and cost burden associated with protecting your employees across borders.
Bellwood Prestbury has a proven track record in developing international group life insurance schemes for multinational companies. We'll often use a mix of international life insurance and local providers in order to meet national regulatory requirements. We then integrate policies into a single management scheme so that it’s simple to administer centrally, and at the point of delivery.
For international life insurance to be effective, it needs to be able to work for every employee, in every country in which you operate. We create flexible international group life insurance schemes that can accommodate different needs, including:
We also have the ability to use multinational pooling schemes to improve risk/cost ratios. For example, moving one client from individual local schemes to an international group life insurance pool, removed the need for most employees to be individually underwritten, saving time, administrative costs and premiums.
To find out how Bellwood Prestbury could help you to improve international life insurance cover for your employees, call us on:
