Group Life benefits include:
Group Death In Service: The family of the employee receive a lump sum (usually a multiple of salary) on the death of the employee.
Group Critical Illness: The employee receives a lump sum (usually a multiple of salary) on the diagnosis of a critical illness of the employee.
Group Private Medical: The employees have Private Medical Insurance allowing fast private treatment for specific medical issues they may suffer.
Group Hospital Cash Plan: The employees can claim back cash for illnesses that require hospitalisation, there are many different levels of cover which can also include dental.
That’s a fairly concise overview, please feel free to ask any questions or for more detailed info on any of them. We’re always happy to educate clients so that they can make truly informed decisions.
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I’ve spent half my life working in Rock ‘n’ Roll so why would I want to put out a blog about business protection insurance…?
If you own a business often you are the business. Without you it will cease to function. That’s where a relevant life could be relevant to you.
It’s a slightly surprising (to me anyway) fact that there are more pet insurance policies than critical illness policies in the UK.