Group Income Protection offers employees a replacement income if they should be absent from work over an elongated period through long term illness of injury.
Income Protection Plans can vary greatly and selecting the correct policy structure at the right cost can be a complex area. The cost of a Group Policy is usually more competitive than employees taking out their own individual policies and the premiums are deemed a tradeable expense for tax purposes for the employer.
Through our experience we are able to understand you, the employer, as well as your workforce to tailor a Group Policy solution which meets your and your employee’s needs. If you already have Group Income Protection in place, these are usually automatically renewed on an annual basis without questioning the cost or the level of cover.
We are able to work with you to enable you are receiving the best value for money and, if needs be, re-broke your Income Protection requirements to improve the level of cover or the cost.
Our audit and review will examine not only the cost, but the rate of claim payments, administration and management.