Group Income Protection


WHAT IS GROUP INCOME PROTECTION?

Group Income Protection products are used as an employee benefit. They provide a replacement income if an employee is absent from work through long-term illness or injury.

HOW DOES GROUP INCOME PROTECTION WORK?

Income Protection provides extensive and generous benefits with a wide variety of tailored options available to meet needs and budget. As part of a paid–for benefits package it can help employers attract and retain top talent.

Flexible options include the level of benefit for each employee category and the length of time for which the payments will continue. It can also be used to protect National Insurance and pension contributions.

In the event of an employee suffering from a long-term illness or injury, the policy provides:

  • a monthly replacement income for 2, 3, 4 or 5 years or until the employee’s normal retirement date
  • multiple options for employers to tailor cover to meet their specific requirements and control premiums they pay

Contact Us here at Finn Associates to better understand the options available, and how they can be tailored to your business.

 

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