New Life Benefits & Features From William Russell

The latest new product update from William Russell;

International health insurance experts, William Russell, have revamped their group life insurance product to offer more comprehensive coverage including the introduction of three new optional benefits – including critical illness coverage for adults and children.

The move comes as more international companies seek to enhance employee benefits for their globally mobile workforce, allowing them to broaden an employee’s benefits package.

William Russell believes the new product will help businesses to attract and retain top talent with much more geographical flexibility whilst providing employees reassurance that their loved ones will be financially protected—no matter where in the world they’re based and if the worst should happen.

The new international group life insurance can cover up to US$2 million per employee (10x an employee’s salary), paid as a lump sum. As well as provide early payouts if an employee is diagnosed with a terminal illness and has less than a year to live, allowing them to decide how and where to use the funds.

Designed for companies, institutions and organisations of all sizes, the enhanced international group life insurance plan offers several key enhancements including:

• Increase of the annual maximum life benefit from 5x salary to 10x salary.

• Generous automatic acceptance limits without medical underwriting of employees.

• Cover is now available for members until the age of 75 (if they joined before age 61).

• Larger group discounts with more favourable pricing for bigger teams.

Employers can also opt to include coverage for new optional benefits and enhancements to further tailor the plan to employees’ needs:

• Accidental death and permanent disablement

• Adult critical illness

• Child critical illness

• Funeral costs & repatriation benefit

Speaking on the launch of the new product, Teressa Wighton, Commercial Director at William Russell, said:

“Navigating life insurance options can be complex, especially for corporate clients with international workforces. At William Russell, we understand the growing need for flexible, global solutions and remain committed to driving innovation in the international life and protection space.

I’m excited to introduce new enhancements designed to simplify coverage, help businesses attract and retain top talent, and provide greater financial security for employees worldwide. As the modern workforce becomes increasingly mobile and flexible, we continue to listen to our broker partners and analyse the market to adapt our life and income protection offerings.”