Employee benefits platform WorkLife by OpenMoney has partnered with insurer Canada Life to enable employers to offer life products to their employees.
The collaboration offers WorkLife customers the ability to provide life benefits; selecting from four tiers of cover to suit the specific needs of their workforce.
Paul Chedzey, commercial director at WorkLife by OpenMoney, said: “At a time when many employees will be having to stretch their salary even further, life products offer vital reassurance that they are covered in even the toughest of situations.
“This is an important milestone not just in the quality of benefits we’re able to offer, but also our broader mission of ensuring all employers can offer their employees sought-after, meaningful perks – regardless of size.
“We are excited to be joining forces with Canada Life and working together to help more people secure their financial future.”
Matt Pincott, head of sales for protection at Canada Life, said: “Having access to the right protections and financial support can be invaluable to employees in times like these.
“Canada Life and WorkLife by OpenMoney share a common goal of helping employers grow their businesses while nurturing their employees – we look forward to seeing what the future of this partnership holds.”