How we can help you with Group Income Protection
As with all group insurance schemes, Group Income Protection is a type of insurance policy that is taken out by an employer on behalf of their employees and is often provided as part of an employee benefit scheme. Group Income Protection can offer a range of flexible benefits, but its primary purpose is to protect an employee against loss of earnings in the event of long-term absence.
With our experience and access to the Group Income Protection Insurance market, Spectrum Financial Advice offer expert protection advice tailored to your individual needs. Our advisors take the time to understand you and your business to ensure your employees are sufficiently protected.
Income Protection
Protect your employees’ salary and loss of earnings during long-term absence due to illness or injury.
Employee Support
With Group Income Protection, you can demonstrate your commitment to your employees and provide financial support in the event of long-term absence.
Flexible Cover
Select the level of cover you require based on the needs of your business and revise the scheme when your circumstances change.
Why choose us?
With Group Income Protection Insurance and a tailored service through Spectrum FA, you will have the benefit of protecting your employee’s income in the event of long term absence due to illness or injury.
To speak with our team or to arrange a free, no obligation review, please get in touch with us today. You can contact us by email at info@spectrumfa.co.uk, by phone on 01279 315 013 or by completing the contact form on the website.
FAQs
View some of our frequently asked questions that some of our customers have asked.
Group Income Protection is a type of insurance policy taken out by an employer on behalf of their employees, often provided as part of an employee benefit scheme. Group Income Protection Insurance can offer a range of flexible benefits but its primary purpose is to protect an employee against loss of earnings in the event of long-term absence, due to illness or injury.
A Group Income Protection scheme will come into effect in the event of an employee being unable to work for a period of time due to illness or injury. As determined by the terms of cover, the policy will pay a regular payment to compensate for the loss of earnings and may offer additional support, such as medical rehabilitation and other benefits, which can often assist the employee’s return to their previous level of employment.
Group Income Protection Insurance is taken out by an employer or organisation on behalf of an employee and forms part of an additional benefit on top of their basic salary. It is important to make sure that you have the correct level of cover for the individual needs of your business and staff members. In the event of an employee becoming unable to work for a period of time, the insurance policy will come into effect by providing a regular payment, to cover their loss of earnings.
At Spectrum Financial Advice, we take a personal and flexible approach, to ensure you are provided with the correct level of cover, to fit the requirements of you and your business.
The primary purpose of Group Income Protection Insurance is to provide ongoing and regular income for the employee in the event of a prolonged absence from work due to a serious illness or injury. Provided by an employer on behalf of their employees, Group Income Protection Insurance is beneficial to both the employer and the employee.
Many Group Income Protection policies also provide additional services, such as dedicated phone helplines, early intervention services, a second medical opinion, access to an online GP or additional support for the employee and their family.
To speak with our expert team or to arrange a free, no obligation review, please get in touch with us today. You can contact us by email at info@spectrumfa.co.uk, by phone on 01279 315 013 or by completing the contact form on the website.
The cost of Group Income Protection will depend on a number of factors, including the number of personnel you wish to include in the scheme, the level of cover you require for each employee, how long you wish for the benefit to be paid for, as well as many other optional extras. Our expert advisors can source the most suitable cover for your specific needs at competitive prices.
Spectrum Financial Advice will advise you through each stage, from assessing your unique needs to sourcing the appropriate benefits on your behalf.
To find out more or to arrange a free, no obligation review, please get in touch with us today. You can contact us by email at info@spectrumfa.co.uk, by phone on 01279 315 013 or by completing the contact form on the website.
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