Life Insurance offered by an employer under a Group Insurance plan provides peace of mind and is also a valuable tool in staff attraction and retention. Additionally, employers may choose to include Income Protection/Salary Continuance insurance as part of their group cover.
Group Insurance plans are designed to reduce employer stress and financial pressure in the event of an employee injury, illness or accidental death. These plans generally offer an automatic acceptance level of cover requiring no underwriting and medical checks to obtain the cover. This could be a great benefit to employees, especially those who may be restricted from accessing standalone insurance cover. Whilst Group Insurance is not designed to meet any unique individual needs of an employee, itís a great secondary safety net and could compliment their individual Insurance plans in place.
Contact us today discuss how we can assist with setting up or reviewing your Group Insurance Plan.