Group Critical Illness

The lump sum can be used by the employee to help ease some of the financial problems that will inevitably occur, such as maintaining mortgage payments, making adjustments to the home and accessing treatment, often helping them to return to work sooner.

Product Features

Normally based on a multiple of annual salary (commonly x 2 annual salary), companies often protect their senior executives and managers against the financial consequences of serious illness such as heart attack, cancer, stroke etc.

Benefits for Employers

• We search the entire market to find the right cover at the right price.
• We take care of the ongoing communication and administration.
• Your reputation as an employer is enhanced.
• You can attract and retain the best employees.
• Employees are helped get back to work quickly.

Benefits for Employees

• Reassurance of a lump sum payment if serious illness should strike.
• Cover for the most commonly suffered critical illnesses.
• Financial help and support during rehabilitation.
• No income tax on premiums and in most circumstances, no inheritance tax on benefits.
• The above information regarding taxation is based upon our understanding of current legislation which, of course, is liable to change in the future and would depend upon an individual’s financial circumstances.