Group life policies helped over 47% of employees overcome mental illness

As businesses face increasing challenges in supporting employee wellbeing, one often overlooked tool can make all the difference - Group Life Insurance.

According to recent studies, over 47% of employees who had access to a Group Life policy reported that it helped them overcome mental health challenges. But it’s not just the financial security offered by these policies that make them indispensable - it's the wellbeing benefits that come with them, often at no extra cost.

The hidden benefits of Group Life Insurance

While Group Life insurance is traditionally viewed as a safety net for employees' families, many of the UK’s leading providers offer a range of wellbeing perks bundled within the policy. These services can significantly improve the mental health and overall wellness of employees, and many employers aren’t aware of their value.

Here are some of the key benefits included with Group Life policies that are essential for boosting workplace morale and wellbeing:

1. Access to counselling and mental health support

Many Group Life providers offer confidential, 24/7 access to helplines and mental health support services, ensuring employees can reach out if they need guidance or someone to talk to. Having access to a service like this can help employees feel supported during times of stress or crisis.

2. Employee Assistance Programmes (EAPs)

EAPs are often bundled within Group Life policies, offering employees access to confidential support for a variety of personal and professional challenges, from mental health to financial advice. These programmes are designed to improve overall employee productivity and reduce sick days, helping to create a healthier, happier workforce.

3. Wellness and stress management resources

Many providers offer resources aimed at improving employees' physical and mental wellbeing, such as online fitness programmes, stress management courses, and mindfulness training. By encouraging employees to take time for their own wellbeing, these programmes can reduce burnout and increase workplace satisfaction.

4. Mental health training

Group Life providers often provide free or discounted training programmes to help HR teams and managers identify signs of mental health struggles within staff in the workplace. This proactive approach can help prevent potential issues from escalating, creating a supportive environment where employees feel safe and valued.

5. Support for grieving employees

In the unfortunate event of an employee's death, Group Life policies often extend bereavement support services to help families and colleagues cope with the loss. This support ensures that employees feel supported during difficult times, building a compassionate workplace culture.

Why Group Life should be a priority for every business

HR directors and business owners should consider incorporating Group Life policies as part of their workplace wellbeing strategy.

Not only do these policies provide employees with invaluable financial protection, but they also offer a variety of wellbeing perks that directly contribute to mental health and overall employee satisfaction.

It's time to take action

By investing in a Group Life policy, you’re not just protecting the financial security of your staff - you’re providing a strong, supportive workplace that allows employees to thrive both personally and professionally.

As the demand for employee wellbeing continues to rise, businesses that prioritise mental health support for their staff, through policies like Group Life will set themselves apart as employers of choice, with a happier, healthier, and more engaged workforce.