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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What would happen to the crowdfunders investments if the key people driving the businesses weren’t there anymore?
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How you can have share protection as a one person limited company? This is where relevant life insurance is such a fantastic innovative product.