Group Income Protection Insurance

As with all group insurance schemes, Group Income Protection is a type of insurance policy that is taken out by an employer on behalf of their employees and is often provided as part of an employee benefit scheme. Group Income Protection can offer a range of benefits, but its primary purpose is to protect an employee against loss of earnings in the event of long-term absence.

With our experience and access to the Group Income Protection Insurance market, Spectrum FA is able to offer protection advice tailored to your individual needs. Our advisors take the time to understand you and your staff to ensure your employees are sufficiently protected.

With Group Income Protection Insurance and a tailored service through Spectrum FA, you will have the benefit of protecting your employee’s income in the event of long term absence due to illness or injury.

If you would like to speak to one of our advisors to arrange a free, no obligation review, please get in touch with us today. You can contact us by email at info@spectrumfa.co.uk, by phone on 01279 315 013 or by completing the contact form on the website.

Spectrum FA protection specialists discussing group income protection insurance with a business client.
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Income Protection

Protect your employees’ salary and loss of earnings during long-term absence.

Employee Support

With Group Income Protection, you can demonstrate your commitment to your employees and provide financial support in the event of long-term absence.

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Flexible Cover

Select the level of cover you require based on the needs of your business and revise a policy when your circumstances change.

Frequently Asked Questions

What is Group Income Protection insurance?

Group Income Protection is a type of insurance policy taken out by an employer on behalf of their employees, often provided as part of an employee benefit scheme. Group Income Protection Insurance can offer a range of benefits but its primary purpose is to protect an employee against loss of earnings in the event of long-term absence.

A Group Income Protection policy will come into effect in the event of an employee being unable to work for a period of time due to illness or injury. As determined by the terms of cover, the policy will pay the employee a regular payment to compensate for the loss of earnings and may offer additional support, such as medical rehabilitation, which can often assist the employee’s return to their previous level of employment.

How does Group Income Protection work?

Group Income Protection Insurance is taken out by an employer or organisation on behalf of an employee and forms part of an additional benefit on top of their basic salary. It is important to make sure that you have the correct level of cover for the unique needs of your business and staff. In the event of an employee becoming unable to work for a period of time, the insurance policy will come into effect by providing a regular payment to the employee, to cover their loss of earnings

At Spectrum FA, we take a personal and flexible approach, to ensure you are provided with the right level of cover, to fit the requirements of you and your business.

What are the benefits of Group Income Protection?

The primary purpose of Group Income Protection Insurance is to provide ongoing income for the employee in the event of a prolonged absence from work due to a serious illness or injury. Provided by an employer on behalf of their employees, Group Income Protection Insurance is beneficial to both the employer and the employee.

Many Group Income Protection policies also provide additional services, such as dedicated phone helplines, early intervention services or support for the employee and their families.

If you would like to speak to one of our advisors to arrange a free, no obligation review, please get in touch with us today. You can contact us by email at info@spectrumfa.co.uk, by phone on 01279 315 013 or by completing the contact form on the website.

What does Group Income Protection cost?

The cost of Group Income Protection will depend on a number of factors, including the number of personnel you wish to include in the scheme and the level of cover you require for each employee. Our advisors can source appropriate cover for your specific needs at competitive prices.

Spectrum FA will advise you through each stage, from assessing your unique needs to sourcing the appropriate benefits.

To find out more and speak to one of our advisors to arrange a free, no obligation review, please get in touch with us today. You can contact us by email at info@spectrumfa.co.uk, by phone on 01279 315 013 or by completing the contact form on the website.

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