UKGlobal Group Risk provides consultancy and broking services to provide three main areas of protection for your employees.
- Group Life Assurance - also known as death in service – which provides a lump sum, tax efficient benefit following the death of an employee. This is usually in the form of a multiple of an employee's salary or a pre-defined lump sum
- Group Income Protection - also known as permanent health insurance - provides income to the employee after a period of absence due to illness/accident. This can protect the business and employee in a tax efficient way
- Group Critical Illness – this pays a lump sum on the diagnosis of a critical illness (such as cancer, heart attack, stroke, for example). The benefit can be a multiple of salary or a pre-defined lump sum
Group Risk is a continually evolving market and additional services the insurers now provide alongside their main products, can include mental health services, HR services and wellbeing support.
As well as protecting the employee with Group Risk benefits, UKGlobal Group Risk can also advise businesses on business protection, including:
- Key person insurance
- Business loan insurance
- Shareholder protection