Income Replacement
We research and implement the schemes most appropriate for each employer.
- Income replacement benefit pays out should the employee be unable to work due to ill-health, after a specific delay period
- Length of delay period determines the level of premium paid (e.g. a 6 month delay period will cost less than a 3 month one)
- Income replacement is paid to the employee right up to their normal retirement age should the ill health persist
- Means that the employer doesn’t have to worry about paying individuals out of their own funds in the event of prolonged absence and is a great comfort to employees
- An assessment of the health of the employee may need to be conducted prior to being accepted on such a scheme - policy documentation and further advice is required to fully understand what the policy covers