How much will the Global Life Insurance plans cost for my company?

Article author
Ariyo Raji
  • Updated

The pricing of Global Life Insurance plans is determined by two main factors: the level of coverage you choose and the extent of the coverage's scope.

It's important to note that the prices provided here are on a per-employee, per-month basis. This means that the cost indicated is the amount payable monthly for each employee covered under the plan.
Cover Levels Basic Cover
(Life Only)
Comprehensive Cover
(Life, Accident Death & Dismemberment, Permanent Disability)
$50,000 $5.64 $12.04
$100,000 $11.28 $24.08
$200,000 $22.56 $48.14
$400,000 $45.12 $96.28
$500,000 $56.40 $120.36
$600,000 $67.68


See also: What coverage options are available for Global Life Insurance? 

In some countries, Insurance Premium Taxes are imposed on the cost of Life, Accidental Death & Dismemberment, or Permanent Disability insurances. This means that as a company, you may be responsible for paying taxes on the life insurance plans you decide to provide. 

See also: Are there tax implications associated with offering Global Life Insurance to employees?



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