Attract and retain the most valuable asset
in your business - your people.

Group Insurance

What makes a business is its people. Finding the right people for your business is not an easy feat and you make an enormous financial investment in finding and training the right people.
Group insurances is a cost effective additional employee benefit to attract and retain talent in the business. It also shows a commitment that you care about your employees, their family and their financial future in event of severe illness, injury, or the loss of a loved one.

Lifestyle are qualified and professional group insurance advisers who are skilled in designing and implementing attractive group insurance plans tailored to the needs of your business.

What is Group Insurance?

Group Insurance cover is provided automatically without the need for an application, or medical underwriting, meaning employees with pre-existing medical conditions can also be covered.
The business cost and risk associated with self-insurance and extended sick leave is significantly reduced.

Group insurance premiums are potentially cheaper compared to the premium cost of individuals seeking cover, as the risk is spread across the company as a whole.
By offering an attractive insurance package, you can provide valuable protection for your employees and their families. What’s more, you’ll also be cushioning your business against the costs of paying extended sick leave if your employee has to take time off work

Group insurance structures

Group insurance policies can be structured inside or outside superannuation.

Types of group insurance policies available

The types of group cover available include:

  1. Group Salary Continuance provides an income stream (up to 75% of insured member’s pre-disability income) if members are unable to work (either temporarily or permanently) due to sickness or injury.
  2. Group Life & TPD (GL):provides lump sum benefits in the event of death or total and permanent disablement of members.

Benefits for employers

  • Drive employee loyalty and engagement
  • Stand out as an employer of choice
  • Attract and retain exceptional talent
  • Reduce employee churn and avoid the costs of hiring and training new staff

Benefits for employees

  • They’ll feel supported by their employer through additional benefits
  • Gain peace of mind with access to quality insurance cover
  • Increase financial security for themselves and their families

Workplace Superannuation Benefits
Super can be complex

Your company is expert at what it does, we are experts with super. Let us help you maximise the benefits of your super fund; for both the company and for your staff

Are you getting value for your super spend?

Super is a major expense for employers, we help you get value from this expense.

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Your single point of contact

Simplify, demystify, sort out issues.This is what we do!

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Do you have a financial advocate?

We can often negotiate better terms, higher insurance levels, lower premiums

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Are your employees being looked after?

We educate on super and all aspects of financial planning, helping people to be comfortable that their future is being looked after.

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Suitable insurance?

Providing adequate insurance for your employees can really take the burden off their families if something does go wrong.

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Fees too high?

Super is getting more competitive all the time. It’s good to compare plans from time to time.

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Have you already got a good fund?

There is no need to make changes if your company fund is a good fund. We can simply add our valuable services to your existing fund.

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How we assist

Group Insurance Benefits

Group Insurance is a specialty employee benefit that many employers use as a mechanism to manage business risk and to attract and retain key talent. Finding an insurance solution can normally be complex and challenging as often one size does not necessarily fit all.

Evaluate

Understand the risks in the business and key employees and benefits required.

Structure and design

Based on what is important we tender the market in relation to features and benefits, price and claims management.

Implementation

Manage and implement chosen benefits and employee communication process.

Manage and ongoing support

Provide a structured program to educate and service to employees.