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 |
$144.43 |
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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