Income Protection Cover
Key benefits of membership:
• Tax free income if you’re off work because of incapacity.
• Option for your income protection to start from Day 1 of incapacity, or to choose from a range of deferral periods.
• No penalty for making a claim and no limits to the number of claims you can make.
• A tax free investment element that accumulates during the course of your membership, subject to the financial performance of the Society during this time.
Cover for Employees
As an employer, and if you don’t have a sick pay policy or protection plan in place for your employees, you could continue to pay a staff member full pay when they are on sick pay for a long period of time – leading to unbudgeted costs for your business. We can offer a group scheme for your staff for a fixed cost per month, and pay out a regular monthly income to your staff, should they have to take long-term sick leave.