Group Life Trusteeship

ZEDRA provides a flexible range of services to insurers and employers for the settlement of death-in-service claims.

As a fully independent party, we are able to assume the trustees’ responsibility for the arrangement, carry out a thorough yet sensitive investigation, determine the correct beneficiaries, and settle the benefits due.

For insurers

    • We act as the trustee to the insurer’s group life arrangement
    • Thorough yet sensitive investigation into the personal circumstances of the deceased at their time of death, to ensure potential beneficiaries are identified and considered
    • We assume the burden of determining the rightful beneficiaries for the death-in-service benefits and ensure that the life assurance benefits are paid quickly and efficiently

For employers

    • We act as the trustee to an employer’s dedicated trust arrangement
    • The cover is presented and communicated as part of your employee benefit package
    • You continue to use your existing insurance policy and manage reviews and premium payments
    • Fully independently of the employer, we carry out a thorough yet sensitive investigation into the personal circumstances of the deceased at their time of death, to ensure potential beneficiaries are identified and considered
    • We will ensure the life assurance you provide your employees is paid quickly and efficiently

 

ZEDRA Group Life Master Trust

ZEDRA Group Life Master Trust is designed for employers who want a simple and efficient alternative to setting up their own life-only trust for administering death-in-service benefits.

ZEDRA will assume the burden of setting up the trust, carrying out a thorough yet sensitive investigation into the personal circumstances of the deceased at their time of death, and determining beneficiaries for death-in-service benefits.

    • Each employer is given their own dedicated section of the trust
    • This can be white labelled, allowing you to present the trust as part of your employee benefits package
    • You continue to use your existing insurance policy and manage reviews and premium payments
    • We will administer the entire claims process – from beneficiary investigation, through determination, to payment

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