Long-term illness or sick leave can be very challenging for employers - while there is no obligation to continue paying a staff member on long term sick leave, many employers feel a duty to provide some financial assistance to such staff.
A Group Income Protection plan allows you as an employer to safeguard the financial well-being of your staff by providing them with a replacement income during long-term absences from work through illness or injury.
Key benefits of a Group Income Protection Plan:
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Valuable financial benefit for staff at a relatively low cost to the company
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Can be part of an attractive benefits package for key employees
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Costs of long term staff absence reduced
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Flexible choice of benefits
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Employee Assistance programme for staff who are claiming on the plan - helps with back to work programmes.
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Proportional benefit helps support employees returning to work
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Reduced underwriting requirements for Group plans - little medical underwriting required.
"We approached Terry at Atlantic Financial Services about our company pension scheme a number of years ago and he provided a much improved offer for our employees. The complex area of pensions was and continues to be clearly explained to all involved. We would highly recommend the service and attention to detail we received."
