Group Life Insurance
Group life insurance (or Death in Service) is one of the simplest but most highly-valued employee benefits that a company can provide for its employees.
- Tax free payouts for an employee's loved ones
- Bereavement Support
- Highly valued employee benefit
- Help attract new employees
- Improve the retention of existing staff
- Usually no medical questions
- Demonstrates a duty of care as an employer
Group Health Insurance
Bespoke Group Health insurance solutions from across the market. providing wellbeing for both businesses and employees.
- Provide employees access to private healthcare and bypass lengthy NHS waiting lists
- Highly valued by employees, aiding both recruitment and retention
- Reduce staff absenteeism
- Premiums usually allowable business expense against corporation tax
- May be possible to reduce National Insurance bill if employers pay for family members via salary sacrifice.
Group Critical Illness
Group Critical illness is an employee benefit paying a lump sum benefit if an employee suffers a specified critical illness. It is possible with some providers to extend the cover to spouses or cohabiting partners
- Can be paid by the employee, employer or both
- Usually no medical questions
- Highly valued employee benefit
- Help attract new employees
- Improve the retention of existing staff
- Demonstrate a duty of care as an employer
- Excludes pre-existing conditions
Group Income Protection
Group Income Protection plans are used by employers to help manage the cost of long term absence due to sickness/injury of employees as well as the associated costs.
- Provides financial benefit to employer
- Rehabilitation support for employees and absence management
- Allows the business to provide longer sick pay benefits and help with continued costs such as pension contributions
- This will help to maintain a high calibre of staff and boost morale
- Benefits are usually based on an employees earnings with bespoke options available to meet specific budgets
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