Group Life and Disability

Employee Life Insurance

Provides a lump sum payment in the event of the death of an employee. An additional Total Permanent Disablement benefit component can be included. This will provide a lump sum payment if an employee cannot ever work in their own or usual occupation due to sickness or injury.

Employee Income Protection

Most people do not have cash reserves to fund an unexpected period without income - such as in the event of being disabled and unable to work for an extended period. A group income protection plan provides peace of mind for your staff, knowing that they will receive a benefit during a period of disability.

Employee Trauma (Serious Illness Cover)

Provides a lump sum payment in the event of a serious critical health condition (e.g. heart attack, stroke, cancer, major transplant surgery, paraplegia etc.). Although the sufferer may recover medically, the impact of the illness on their finances can be devastating.

Structure

Employee based schemes can be efficiently designed to cater for specific company needs with benefits provided to different categories of staff. This enables employers to reward and remunerate accordingly and keep costs within budget.

Benefits

Providing meaningful employee benefits can be a valuable part of the overall remuneration package for staff. Insurance arrangements can provide cover for employees on an auto acceptance basis covering pre-existing conditions. Group schemes have discounted rates compared to retail products.

Providing these benefits can help;

• Reduce or eliminating mortgage commitments.

• Eliminate personal debt, such as loans or credit cards.

• Provide a lump sum to fund a family’s future lifestyle in the untimely death of the main provider.