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.
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.
If you would like further information on Group Critical Illness inusrance products available to you, please contact the Willis Wealth Management team on 028 9032 9042 or complete our quick enquiry form. We match the right product solution with your business needs.