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Protecting your employees

Attract and retain employees with better benefits package

Enhance the benefits available to your employees by providing convenient life insurance protection, to pay out a lump sum if they die or become terminally ill while they work for you. Terminally ill means being diagnosed with a life expectancy of less than 12 months.

At NFU Mutual we know how important your business is, that’s why we’ve teamed up with AIG to bring you a wide range of protection covers to protect what matters most.

A good employee benefits package can demonstrate to staff that their employer is concerned about each individual's financial security. This in turn may encourage staff loyalty and retention and could also appeal to job seekers looking to join your business.

Relevant Life Insurance is tax-efficient for employee, beneficiaries and the business:

  • HMRC usually views the premiums as an allowable business expense for the employer and not a benefit-in-kind for the employee.
  • Death benefit will normally be free of inheritance tax because the policy is written in trust.
  • The employer can claim tax relief on the premiums as long as the local inspector of taxes is happy that the premiums are ‘wholly and exclusively for the purpose of trade’ as part of the employees remuneration.

Our chosen partner AIG

This range of protection products is provided by AIG. They complement us perfectly, adding choice and value to our range of products and mirroring our commitment to outstanding customer service.