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Group Income Protection: Providing Benefits For Both Employers & Employees

In Business, Group Income Protection, Protection by Paul Connolly

Employee sickness absence is an inevitable part of running a business. After all, everyone feels under the weather from time to time and the best remedy is to simply have a day off. But what about more serious illnesses that require extended periods away from work? The impact they can have on both the employee and employer can be hugely …

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Measuring The Success Of Employee Benefits Packages

In Business, Employee Benefits, Protection by Tom McGuinness

I’ve written before about why SMEs should be offering private medical cover to their employees. Employee benefits, including perks like income protection, critical illness cover and medical insurance, are one way that small and medium-sized businesses can compete in the race for talent. That’s because they are attractive to employees; underline a company’s image as an employer that cares; and …

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Key Person Insurance: What Is It & Why Your Business Needs It?

In Business, Insurance, Protection by Rebecca Faulks

As a business owner, you wouldn’t operate without insurance to protect your premises and vehicles, and products like professional indemnity insurance and public liability insurance to cover your business activities. But what about you and the other key people who make your business work. Those that are pivotal to its continued success? Surely these people are just as important for …

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Life Insurance Options For People Over 50

In Family, Insurance, Protection by Tom Pullinger

Many older people don’t think they need to worry about life insurance. In fact, according to research by Moneysupermarket, just over a third (36%) of over-55s don’t currently have a life insurance policy. But the reality is that funeral costs have risen dramatically over the past 15 years, with SunLife research revealing an increase of 112% during that period. As …

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UK Renters Under-Protected & Need To Consider Protection As Much As Home Owners

In Family, Individual, Protection by Paul Connolly

According to Office for National Statistics data, the number of households in the UK Private Rented Sector (PRS) has risen from 2.8 million in 2007 to 4.5 million in 2017 – an increase of 63%. Furthermore, it’s younger people who are more likely to rent, with the 25 to 34 years age group making up the largest proportion (35%). But …

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Employees At Larger Organisations More Likely To Have Long-Term Sickness Absence

In Business, Industry News, Protection by Stephen Ellis

Employees who work at larger organisations are significantly more likely to have a long-term sickness absence (an absence of four weeks or more) than those who work at smaller businesses, figures reveal. Furthermore, as people get older, their likelihood of having at least one bout of long-term sickness absence increases. According to government data, workers employed at larger organisations are …

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Brits Will Work Beyond Retirement To Protect Their Health

In Healthcare, Industry News, Protection by Tom McGuinness

We recently wrote about how nearly three-quarters of UK employees plan to work beyond 65. It’s a sobering reality that highlights how an estimated 23 million individuals are planning to work beyond their 65th birthday because they feel the need to. Now, a new global survey by Aegon not only supports the findings of the study referenced in our previous …

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People Increasingly Turning To Dr Google For Mental Health Help

In Employee Benefits, Mental Health, Protection by Paul Connolly

The number of online searches for mental health-related terms has risen dramatically over the past four years, new figures reveal. According to the analysis from RedArc, more and more people are turning to ‘Dr Google’ for help when they are suffering from poor mental health, a reality that highlights the important role search engines and online content play in supporting …

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A Quarter Of Young People Worry About Supporting Their Parents

In Healthcare, Industry News, Protection by Paul Connolly

Despite a significant proportion (62%) of millennials needing to rely on their parents to help them get on the property ladder, a quarter worry about supporting their ageing parents financially in the future, research has found. Bank of mum and dad becoming more generous According to Legal & General’s Bank Of Mum and Dad (BoMaD) research for 2019, family and …

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UK Renters Failing To Secure Suitable Financial Cover

In Family, Insurance, Protection by Stephen Ellis

People who rent a house are significantly less likely to have life insurance and critical illness cover than homeowners, a study has found. According to the research by Sainsbury’s Bank, only a quarter (26%) of tenants are likely to have a suitable life insurance or critical illness policy. This compares to almost half (41%) of homeowners. The ironic part is …

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The Role Of Group Risk & Employee Benefits In Funding Retirement Years

In Employee Benefits, Industry News, Protection by Stephen Ellis

The UK’s younger generations are three times more likely than older generations to use property investments to fund their retirement, new research suggests. According to the study by Canada Life, one in 10 (9%) individuals aged 16-54 years old expect to live off the wealth stored in their homes after they retire. That’s triple the number of people aged 55 …