Life insurance for Small Businesses
YuLife can help you arrange life insurance policies for employees of SMEs and companies with fewer than 100 employees. Our bespoke policies give small and medium-sized companies the opportunity to purchase life insurance cover for all their employees with one simple online portal – taking everyone’s age, health and wellbeing into consideration with no medicals required.
Reward employees for healthy habits
Where most life insurance policies offer just basic cover, YuLife also offers an innovative app which is designed to reward employees for healthy behaviours.
Staff will earn YuCoin for walking, meditating, cycling and taking in-app challenges. They get to use their YuCoin to receive discounts from a number of leading lifestyle brands such as Avios, Calm and Amazon.
Our rich rewards and benefits programme will keep your employees engaged, supporting their mental and physical wellbeing.
What are the advantages of group life insurance for small business owners?
Less admin and paperwork: Moving away from traditional insurance policies, our entire process is completed in 5 minutes online, sent to you and your employees by email and accessible through our online portal. No need to fill out lots of forms and paperwork and have a heavy stack of documents on your desk – everything is kept for you safely and securely online.
Reward and motivate staff: Our studies show that life insurance is one of the most popular and appreciated benefits according to staff. The result of employees being healthier and paying more attention to wellbeing has resulted in 27% less sick days and 31% more productivity.
Team bonding: Our app is designed to encourage health and participation amongst colleagues. With bonuses available, our daily leaderboard shows you who has completed the most steps, creating competition for that coveted pole position.
Designed to be tax-efficient: Our policies are designed to be relevant life policies under relevant tax rules. Whether or not a policy qualifies depends on your individual circumstances but, if it does, it will not be regarded as a taxable benefit (meaning no national insurance and no painful P11D forms).
Great value top-ups: By purchasing life insurance for the employees of your small or medium-sized business, you give those employees access to our life insurance top-ups at prices uniquely low for our members.
How can I get life insurance for my small business?
If you are a small or medium enterprise looking to provide life insurance for your employees, YuLife is here to help.
Our group risk benefits, bundled in with an Employee Assistance Programme (EAP) and 24/7 virtual GP access, provide essential protection to employees and their families, offering a financial lifeline when they need it most.
YuLife is the first digital insurance provider to offer long-term financial protection for employees and engage with them by rewarding healthy lifestyle changes via our gamified app. This is supported by an extensive package of preventative health benefits that protect the wellbeing of employees.
Click here to get a quote and learn more about how YuLife is working with hundreds of small and medium businesses to provide workplace benefits that engage, reward and protect their people.
Technology firm Vanti signed up to YuLife in 2021 to offer group life insurance to their employees for the first time – along with an innovative rewards and benefits package that would give back to their dedicated team.
Find out how they achieved 81% engagement and delivered wellbeing benefits worth 10.8x their insurance premium...
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