financial wellbeing

Both our products provide you with our amazing wellbeing package - the difference is the type and amount of life cover you’re getting.

This page is here to tell you more about your options and answer other insurance questions.

employees

Move the slider to see the price for your team size.

  • yulife lite

    £
    7
    .
    99
    /mo
    £7.99 per employee / mo
    Instant £100,000 of accidental death cover. No questions asked, no medical.
    get started

    pays if you die from an accident while you’re covered.

    instant accidental death cover

    no medical required.

    designed as relevant life cover (tax efficient)

    portable insurance

    financial, mental and physical wellbeing package

    access to our wellbeing partners and rewards

  • yulife

    £
    14
    .
    99
    /mo
    £14.99 per employee / mo
    Full life insurance up to £395,000, upon completing 8 health and lifestyle eligibility questions.*
    get started

    pays if you die from an accident, illness or natural cause

    instant accidental death cover before answering eligibility questions for full life cover

    no medical required.

    designed as relevant life cover (tax efficient)

    portable insurance with optional employee top-up

    financial, mental and physical wellbeing package

    access to our wellbeing partners and rewards

* if a member isn’t eligible, they’ll receive accidental death cover of £250k (unless they’re over 60 - in that case, we’ll ensure their package is better than yulife lite).

We are here to simplify insurance

Here is some jargon busting and an explanation of our insurance cover.

When you buy our yulife product, your employees get instant accidental death cover at first.

In order to unlock the full life insurance they’re entitled to (and for us to calculate their eligibility and amount of cover), they will need to answer 8 quick health and lifestyle questions. That’s right - no need for medicals.

Non-eligible employees receive accidental death cover - they can only get a better package by answering these questions.

Pays out in the event of death by an accident. This insurance doesn’t cover death by illness or natural cause. An accident is a bodily injury or death caused by violent, accidental, external and visible means.

Pays out in the event of death by an accident, illness or natural cause. It will also include suicide after 12 months membership.

If an employee leaves your organisation, they can choose to take their yulife membership with them. If they currently have full life cover, they will not have to answer the health and lifestyle questions again.

They can do this in one of two ways:

  • pay for their yulife membership themselves
  • have their new employer pay for it

Both yulife and yulife lite are designed to be relevant life policies. Relevant life policies comply with certain requirements in tax legislation, which include placing the insurance in trust. In simpler terms, these are the tax benefits you’ll get:

  • Employers can normally write some of the cost off against Corporation Tax
  • Employers do not need to submit a P11D
  • National insurance contributions are not required to be paid

Please seek your own advice on how to record yulife membership in your payroll and tax systems.

When you purchase a yulife membership for your employees, you’re paying for a certain amount of cover. However, some of your employees may like more than that, and it will be super easy for them to top-up the amount of cover they receive. Top-ups will become available in the near future, so keep an eye out for them!

The amount of cover is guaranteed to stay the same for the period of time specified under ‘insurance term’. The term of our cover is based on the age of the member when they join:

Age when member joins Insurance term
18-60 20 years
61-70 Insurance term calculation: 75 minus age at next birthday. So if you’re 65, you will be 66 on your next birthday and therefore your insurance term will be 9 years.

Your employees are covered for accidental death cover from the moment you purchase a yulife membership for them - no questions asked.

Generally, yulife and yulife lite are available to all UK residents. However, there are some restrictions around business type, employee occupation, and employee age.

excluded business types excluded occupations age limits
sole traders with no employees armed forces, territorial army and reservists minimum age for joining: 18
an equity partner or partnership commercial diving maximum age for joining: 69
an equity member of a Limited Liability Partnership (LLP) commercial aviation (pilots and crew) maximum age for membership: 75
offshore work including gas or oil platforms
offshore fishing

Some members will not be eligible for the full life insurance included in yulife membership based on their answers to our 8 health and lifestyle questions (e.g. their medical history reveals a serious pre-existing condition). If that’s the case, they’ll receive accidental death cover of £250k (unless they’re over 60 - in that case, we’ll ensure their package is better than yulife lite).

Our members can make a claim before death if diagnosed with a terminal illness. A terminal illness is an illness that has no cure or has progressed to the point where it can’t be cured, and that, in the opinion of the attending consultant, is expected to lead to death within 12 months.

built for business

We are FCA regulated and all of our policies are underwritten by AIG, one of the largest insurance companies in the world.

look after your employees in under 5 minutes

Create your account

Invite your employees

Get instant cover and wellbeing

ready to get started?