In today’s competitive marketplace employee benefits have emerged as essential tools used by companies to attract, retain and incentivise their key staff and employees. Vantage can assist in advising on a range of benefits including:-
Group Life (‘Death in Service’)
A group life assurance scheme arranged by a company enables employers to provide a lump sum benefit and/or a dependent's pension to an employee’s family and children, if they should die in service.
Group PHI (‘Income Protection’)
A group income protection policy pays a proportion of employee’s salary if they are off work due to accident or illness for a prolonged period.
Group Critical Illness
Critical illness insurance pays a tax-free lump sum to the employee should they suffer any of a list of defined medical conditions. The payment 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.
Sick Pay Insurance
Often popular with smaller employers, Sick Pay Insurance provides employers and employees with a back-up plan for short-term absence from work due to illness or injury. Cover can often include access to insurer’s Employer Assistance Programme and rehabilitation expertise.