Employees are often your greatest asset, so looking after them and making them feel valued is crucial.
Group Risk schemes can provide benefits for your employees by offering financial protection for them and their families in the event of the ‘unthinkable’ happening, giving them financial peace of mind. They can also act as a valuable tool in recruiting and retaining staff.
Our key policies include:
Group Life Assurance (Death-in-Service)
Group life assurance products are designed to pay out a lump sum death benefit to your employees’ family or next of kin, should that individual die whilst employed by your company. Many insurers include ‘Bereavement Support’ in their policies at no extra cost, which offers families additional support through a difficult time.
Group Income Protection
Group income protection products are designed to provide a replacement income if an employee suffers a long-term illness or injury which prevents them from working. Insurer policies may also offer access to rehabilitation services, helping your employee to a faster recovery and return to work.
Group Critical Illness
Group critical illness products are designed to pay a tax-free lump sum directly to an employee should they suffer any of a list of defined medical conditions, such as heart attack, cancer or stroke. The benefit can be used in any way the employee chooses.
The premiums for group risk schemes can often be more cost-effective than setting up individual protection policies for your employees and applications are often quicker and easier as, depending upon cover levels, medical underwriting may not be required.
For more details on the benefits and flexibility of group risk schemes or to review any current arrangements, please call us on 01772 585085 to speak to one of our specialist advisers.
