Group Life Assurance
Having Life Assurance or "death in service" policies is a widespread practice in the UK with employers. Providing a tax free lump sum to the families of employees who unfortunately die while in your employment is a real benefit to consider. The cost of this type of cover can be relatively low and employees appreciate that the cover is designed to look after their families should the worse happen.
Group Critical Illness
As the name suggests, this cover provides lump sum payments to employees who are diagnosed with a critical illness which can lessen the distress that will be no doubt already being experienced. When employing high level candidates in senior positions this could form part of their overall package and potentially help in attracting the right people and retaining them in your business.
Group Income Protection
Group income protection provides a benefit for both the employer and employee when it comes to long term sickness. Group Income is a benefit in kind which can be adapted across your business in that you can offer different levels of protection depending on seniority, length of service etc and can run alongside statutory sick pay.
Shareholder & Partnership Protection
This protection is designed to provide financial assistance in the event of a director or partner in a business dying or being diagnosed with a critical illness.
Key Person Insurance
Key person insurance is designed to insure the life of a key employee who, if they died or became critically ill, could have a significant impact on the business. The lump sum payable can be used in any way to protect the business.
To discuss any Group Protection policies please call Martyn on 01702 969654 or email info@myhealthandprotection.co.uk