Individual Income Protection is designed to provide an income for employees if they cannot work for a prolonged period of time due to illness or injury. Payment begins once a predetermined period called the “deferred period” has passed since the onset of the illness/injury leading to the claim. Payments can continue until age 65, depending on the scheme.
Loss of income due to illness or injury is a real concern for employees. Employees perceive the Income Protection cover provided by their employer as being very valuable. This can be of benefit in attracting and retaining employees.
At Phelan Caswell Insurances, we design the Death in Service / Income Protection Plan to suit your requirements. Establishing a good benefits scheme brings considerable advantages to your organisation and your employees and can be arranged in a very cost-effective manner
- Assist with the retention of Staff
- Make it easier to recruit new Staff
- The employer can write off the cost of providing benefits against corporation tax
- We make it easy for both employers and employees to engage with and understand the benefits.