Life benefit

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Protect your employee's loved ones when they need it most

No-one likes to think about employees passing away. Unfortunately, it can and does happen.

By including employee life insurance as part of your group benefits package, you can give your employees the peace of mind that comes from knowing their loved ones will have a financial safety net if the worst happens.

Statutory Benefits

In the event of death, the surviving spouse can receive a survivor's pension or a transitional allowance. For a widow to receive one of these additional pensions, a lot of criteria have to be met.

To be eligible for the survivor's pension, you must:

• have reached the age of 49 years (2023)
• have been married to the employee for at least one year at the time of his/her death (or if a
• comparable situation is considered).
• be a widow or widower who has not remarried. If you remarry, the survivor benefit is
• suspended.
• have not been found unworthy as a heir, because of criminal offenses against the spouse.

The transitional allowance can be cumulated without restriction with social benefits or income from professional activity.

Complimentary benefits

Employers can offer an additional life insurance cover to their employees. In case of death, a lump sum is paid to beneficiary/-ies of the deceased.

Typically, a formula is pre-determined to define the amount of this benefit. There are quite a few ways to define the formula, but the most commonly used one is a multiple of the gross annual salary (S).

Over 71% of companies provide death benefits in addition to statutory benefits and increasingly to blue-collar staff.

According to our experience, this percentage is even higher if we consider the combination of insurances where the retirement savings are included in the life lump sum.

Why deliver employee life cover?

Your employees are likely to be more worried about their loved ones than they are about themselves. By including group life insurance within your employee benefits package, you demonstrate your commitment to the wellbeing of your team and their families.

Group life insurance is also considered a valuable benefit by employees, which means that it can help you attract and retain top talent from within your industry.

Why should you work with a broker?

As specialist employee benefit insurance brokers, we can help you:

Find the scheme provider that best suits your requirements as a business
Negotiate the best possible terms, to ensure your scheme is as cost-effective as possible
Ensure that your scheme meets all local regulatory and legal requirements

And, of course, we’ll be there to offer guidance right the way through the implementation process.

We’re here to take the work and effort of implementing a market-leading pension scheme off your shoulders.

Why Howden?

Howden Belgium are also a part of the wider Howden Broking Group, which means we can call on the resources, market access and experience of more than 15,000 insurance specialists working in more than 50 countries around the world.

Whether you’re local or global, we have the resources and market access to get you the coverage you need at a rate that’s highly competitive.