group critical illness
If an employee is diagnosed with a specified critical illness, or they have an operation that is covered, a Group Critical Illness policy will pay them a tax-free lump sum. That way, they don’t have to worry about their finances as well as their health, and can use the money as they wish.
Really, it’s about relieving money worries as quickly as possible, to help them feel confident about their financial future. Leaving them to focus on what matters: their recovery.
123 LLP decided to provide Critical Illness cover to its eight employees to support them if they were to be diagnosed with a serious illness or condition. 3 times multiple salary would cost the business £543.89 for the year. This would provide an overall benefit of £633,000.
Additional Services and Benefits: