the Sage Life Assurance book by jennyyingdi

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                 simple guide to
                 Sage Life
                 Assurance
    Contents                                                                   What is
                                                                               life assurance?
    In this follow me guide to Sage Life Assurance you’ll find out what life   A safety net for your employees.
    assurance is all about and the benefits to you and your employees.
                                                                               Sage Life Assurance pays a tax-free           Cover can also be extended to
                                                                               lump sum of up to £1.8 million in the         provide a pension for a surviving
                                                                               unfortunate event of death during             partner of up to two-thirds of the
                                                                               employment. The level of cover                employee’s salary providing an on-
    Page:                                                                      provided to employees is usually              going income for dependants.
                                                                               based on a multiple of their annual
     2      What is life assurance?                                            salary. This is usually 4 times a
                                                                               person’s annual salary.
     4      Sage Life Assurance: What is included?

     5      What is the value to an employer?                                  Tailor made for your business.
                                                                               When choosing life assurance you              We have worked with our partner
     6      Why is life assurance                                              can select a level of cover to suit           mercer-elect to use their expertise
                                                                               your needs. Sage Life Assurance is            to secure better rates, improved
            important to an employee?                                          designed to suit smaller businesses           terms and dedicated administration.
                                                                               covering up to 100 employees by               If you have an existing scheme,
                                                                               providing value for money.                    you could save money by switching
     7      Sage & mercer-elect working together.                                                                            to mercer-elect and the savings
                                                                                                                             could be used in other areas of your
                                                                                                                             business.
     8      The advantages of Sage Life
            Assurance to you.


                                                                                                                                 Three quarters
                                                                                                                              of employers provide
                                                                                                                              group life assurance
                                                                                                                                  to employees*
                                                                               *Employee Benefits Group Risk Research 2011


1                                                                                                                                                                   2
                                                     Sage Life Assurance:
                                                     What is included?

       Family members
         will receive a                              Sage Life Assurance offers all the benefits you would expect, along
                                                     with value-added advantages to you, such as:
     financial lump sum

                                                            Full access to advice and support for
                                                            both employers and employees.

                                                            Improved underwriting terms - less likely to
                                                            have to obtain medical reports to get cover.

                            A way to protect your           Rates fixed for three years.
                          employees’ loved ones if
                           the unfortunate should           Flexible design options to suit
                                   happen                   smaller businesses.

                                                            Additional products and features negotiated
                                                            at no extra cost.
      An additional
       benef it for                                         Multi-product discount if taken out with
    employees over and                                      Sage Income Protection.
      above salary




3                                                                                                                          4
    What is the value                                                                                                             Why is life assurance important
    to an employer?                                                                                                                    to an employee?
    Attract and look after                                                                                                                       Peace of mind at work.
    the best people.                                                                                                                             Life assurance enables you to give
    By providing life assurance as a
                                                                        •   Flexible              • Financial safety net                         your employees peace of mind
                                                                            design options            for employees’ loved ones                  knowing their family will be taken
    benefit in addition to salary, you                                                                                                           care of, in the event of death during
    will be creating an attractive, well-                                                             - up to £1.8m                              employment. It offers financial
    rounded offering to your employees.                                     • A  benefit                                                         security to family members, with a
    This benefit could enhance your                                            to sit alongside
    recruitment package and attract                                                     salary    •   3 year
                                                                                                         fixed costs
                                                                                                                                                 lump sum of up to £1.8 million should
                                                                                                                                                 they have to manage without their
    more of the best candidates for                                                                                                              loved ones income.
    your business, as well as leading to                             • Multi-product              • Higher
    better staff retention.                                                 discount*                    free cover                              It is a benefit that no one wants to
                                                                                                            levels                               think they’ll need but it can make a
    If your business is a small                                                                                                                  huge difference to those left behind,
    partnership, all company partners                                                                                                            something employees would value
    could benefit from being covered                                                                                                             alongside salary.
    by Sage Life Assurance. If the
    worst were to happen to one of the                                                                                                           You can also extend the cover to
    partners, a lump sum paid out by                                                                                                             provide an ongoing pension for the
    Sage Life Assurance could then                                                                                                               surviving partner, adding to their
    enable their share of the company                                                                                                            feeling of security.
    to be bought out. Also, by taking out
    Sage Life Assurance alongside Sage
    Income Protection, you could save                   * If taken with Sage Income Protection
    money by receiving your cover from
    a single provider, as well as having all
    your scheme information in one place.

    Create a more positive work environment.                                                                 Insurance without the hassle.
    Life assurance, offered as part of a       It could also lead to a sense of                              In providing life assurance for     mercer-elect has also negotiated
    remuneration package, is a way of          security for your employees, safe                             your employees, you’ll be taking    higher free cover levels, meaning
    telling your employees how much            in the knowledge that things are                              away the hassle of them having to   that your employees could still
    you value them. This feeling of            covered.                                                      arrange it for themselves.          qualify for cover without having to
    being valued could translate into                                                                                                            go through medical tests first.
    better morale.



5                                                                                                                                                                                        6
    Sage and mercer-elect                                                            The advantages of
    working together.                                                                Sage Life Assurance to you.

                                                                                            Tailor-made plan designed for smaller businesses covering
               Sage                                            mercer-elect                 up to 100 employees* on their scheme.

                                                                                            Simplified administration helping to keep form filling to a minimum


                                                                                            mercer-elect will source the best products, compare terms and help
                                                                                            set up a new scheme making sure you’re getting the best value for your
                                                                                            business and employees.

                                                                                            Competitive pricing, with premium rates fixed for 3 years.


                                                                                            If you have an existing policy, the mercer-elect team will provide full
                                                                                            support and organise all the arrangements to make the switching
                                                                                            process simple.


                                                                                     Additional benefits:
                                                                                             Securely access your life assurance policy information, which will be
                                                                                             stored on the online portal. This can be accessed by both employers
                                                                                             and employees.
    Here to give you all the
    support you need.                                                                        Access to a wide range of additional benefits such as personal
                                                                                             insurance and retail product discounts that employees can choose
                                                                                             to purchase online at no additional cost to the employer.
    Over 800,000 UK businesses trust         With Sage Life Assurance provided
    the award-winning software and           by mercer-elect, you’ll not only
                                                                                             Access reports providing summaries of your employee benefits and
    services provided by Sage.               have the benefit of Sage’s small
                                                                                             financial information through the annual benefit register, available
                                             business knowledge, but also the
                                                                                             through the mercer-elect online portal.
    mercer-elect is a leading employee       mercer-elect team of experienced
    benefits consultancy with access to      specialists on hand to offer support.
                                                                                             Receive relevant updates on legislative responsibilities and related
    the best products and competitive
                                                                                             issues from a regular e-newsletter.
    rates usually only available to larger
    organisations.


                                                                                     *If you have more than 100 employees we can still cover your business.


7                                                                                                                                                                     8
               Get in touch for bigger

               business benefits                                                                                                                                                                                                                                  for smaller businesses


                                                                                                                                                                                                                                                    Let us do the hard work for you.

                                                                                                                                                                                                                                                    0800 121 6850

                                                                                                                                                                                                                                                    www.sage.co.uk/employeebenefits


                                                                                                                                                                                                                                                    sageemployeebenefits@mercer.com




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                       me
                                                                                                                                                                                                                                                    benefits download the
                                                                                                                                                        Get in touch for bigger

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                                                                                                                                                                                                                            for small businesses




                                                                                                                                                                                                                                                    series of FREE eBooks.
                                                                                                                                                                                                           Let us do the hard work
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                                                                                                                                                                                                          www.sage.co.uk/employeebe
                                                                                                                                                                                                                                    nefits




     guide to
                                                                                                                                                                                                         sageemployeebenefits@mercer.com



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                                                                                                                                                                                                         series of FREE eBooks.
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                                                                                                                                    Private medical
                                                                                                                   normally only available
                                                                                             • Competitive rates
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                   With our private medical insurance,
                   it’s not just your employees who
                   benefit. Our Employee Assistance
                                                         We also have unique health and
                                                         wellbeing services to provide a
                                                                                                       Private medical insurance is easier
                                                                                                                             If you would
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                                                         wealth of information and advice.            With our dedicated administration rest of ensure that you about
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                   Program helps reduce absenteeism      When you renew your scheme after                                    do is follow
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                                                                                                                                                service. insurance
                                                         three years, we will also reward             through the entire process. Our                 life
                   face-to-face counselling for your     you for your loyalty by providing
                   employees.                            free health screening for your                                    0845 000 0000
                                                                                                      policy options are flexible enough
                                                                                                      to be tailored to your business. And
                                                                                                                                                       clear benefits
                                                         employees. So you really will be             our support team will always be
                                                         much better off.                             there if you have any questions.
                                                                                                                          sage.co.uk/employee-benef
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                            Issued in the United Kingdom
                                                            by Mercer Limited, which
                            and regulated by the Financial                             is authorised
                                                             Services Authority. Sage
                            an Introducer Appointed                                   (UK) Limited is
                                                       Representative of Mercer
                            All information correct                              Limited.
                                                    at time of production
                                                                          (September 2011).                                                                                                                                                  2011




                                                                                                                                                                                                              Follow me for a
                                                                                                                                                                                                              simple guide to
                                                                                                                                                                                                              Sage Life

Issued in the United Kingdom by Mercer Limited, which is authorised                                                                                                                                           Assurance


and regulated by the Financial Services Authority. Sage (UK) Limited is
                                                                                                                                                                                                                                                                                       2011
an Introducer Appointed Representative of Mercer Limited.
All information correct at time of production (September 2011).

								
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