Group Protection
There is a wide range of group protection products designed to help you look after your most important assets – your employees. They give you, as an employer, the ability to safeguard your business and employees against the financial impact of illness, injury or death. At Informed Financial Advice we understand this need, which is why we advise on:-
- products which you can buy for your employees to make sure that they have adequate protection
- voluntary products that you can ‘set up’ on behalf of your employees, but they choose and pay for their cover
- flexible benefits solutions for both small and large companies, allowing your employees to choose the benefits that meet their individual needs
Group life is a key benefit to offer your employees and a straightforward benefit to provide.
Life cover sits at the heart of any employee benefits package, giving staff the peace of mind that their loved ones will be provided for financially if they die unexpectedly. It can help you to stay ahead in a competitive job market and shows your staff that you care about their families' welfare.
Offering group life cover is also cost effective: economies of scale spread the risk over a number of employees, meaning the premiums are cheaper than if individuals buy cover themselves. And your contributions are usually treated as a business expense for tax purposes. This means that this benefit normally works out a lot cheaper than initially thought.
Group Income Protection
Group income protection pays you a proportion of an employee’s salary if they're unable to work for a prolonged period because of illness or injury. It helps protect your company’s profitability, avoiding the effects absence can have on productivity and operating efficiency.
Group Critical Illness Protection
Group critical illness cover is designed to provide a lump sum if an employee or one of their children is diagnosed with a specified critical illness. It can remove additional stress and so help them and their families to concentrate on recovery. Cover can, for an additional cost, be extended to employees’ spouses or partners.
We can advise on group critical illness cover & voluntary group critical illness cover both of which can be arranged for groups of 5 or more employees or equity partners, anywhere in the world. Voluntary group critical illness is specifically designed for use with flex schemes, providing flexible payment options and benefit choices.