01483715823 info@ifadirect.co.uk

Group risk benefits

Perhaps these are fairly obvious, but what are they and what advantages do they offer you?

  • Provision of life insurance, critical illness and disability cover by the payment of a lump sum of up to 4 x salary for death or disability in service.
  • Provision of income protection insurance against the risk of medium to long term disability of up to 75% of pre-disability earnings, and a spouse's and dependents' pension to provide against the risk of death in service.
  • Provision of private medical insurance schemes.
  • Employers can and do select which benefits they wish to offer, and at what level up to the maximums allowed.

But why bother?

  • To increase staff loyalty and ease recruitment.
  • To provide an employee benefit that will cost you a lot less than the cost to the individual for a similar benefit. It may also enable you to improve the pay and benefits package you offer at a real cost that is well below the perceived cost of the benefits you are offering.
  • Group rates are far lower than those for individual policies, and you can offset them against tax.
  • In some circumstances you may even insure the otherwise uninsurable. Subject to the details of the group, it will be possible to include members without any medical questions. A colleague with cancer could even be insured, perhaps even up to the full scheme specification, at no extra cost even if he or she is uninsurable as an individual.

Email us now to request specific advice

APFA

IFA Direct is a trading name of Credenda Ltd. Credenda Ltd is an Appointed Representative of Credenda which is authorised and regulated by the Financial Conduct Authority. Financial Services Register No: 181769 http://www.fca.org.uk/register.

IFA Direct Registered Address: 20 Vicarage Road, Woking, GU22 9BH. Registered in England, No. 2047680 .

Neither IFA Direct nor its representatives can be held responsible for the accuracy of the contents/information contained within the linked site(s) accessible from this page.

The Financial Conduct Authority does not regulate National Savings or some forms of mortgage, tax planning, taxation and trust advice, offshore investments or school fees planning.

The Financial Ombudsman Service (FOS) is an agency for arbitrating on unresolved complaints between regulated firms and their clients. Full details of the FOS can be found on its website at www.financial-ombudsman.org.uk

The information contained within this site is subject to the UK regulatory regime and is therefore targeted primarily at consumers based in the UK.

Please read our Privacy Statement before completing any enquiry form or before sending an email to us.