explore our plans
We offer three plans, tailored to your business needs. Each plan includes our wellbeing app, rewards and hassle-free admin.
yulife group
Group life cover linked to your employees’ salary. Usually, there is no individual underwriting or medical required.
from £4.99
per member, per month
designed to be tax efficient
hassle-free admin
full access to our wellbeing app, partners and rewards
yulife lite
Instant £100k of accidental death cover. No questions asked, no medical.
£7.99
per member, per month
designed to be tax efficient
portable insurance
hassle-free admin
full access to our wellbeing app, partners and rewards
yulife
Full life insurance up to £395,000, upon completing 8 health and lifestyle eligibility questions.* No medical required.
£14.99
per member, per month
* if a member isn’t eligible, they’ll receive accidental death cover of £250k (unless they’re over 60). Before answering the eligibility questions, all employees are instantly covered for accidental death.
designed to be tax efficient
portable insurance
hassle-free admin
employees can adjust their insurance with our top-ups
full access to our wellbeing app, partners and rewards
we are here to simplify insurance
Not sure about the terminology? Our jargon buster is here to help.
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 causes. 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.
Pays out in the event of death by an accident. This insurance doesn’t cover death by illness or natural causes. An accident is a bodily injury or death caused by violent, accidental, external and visible means.
Your employees are covered for accidental death cover from the moment you purchase a yulife membership for them - no questions asked.
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. |
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.
partnered with the best
We are FCA regulated and our policies are underwritten by AIG.
