Protection
Group Protection Insurance: Benefits Your Team Will Value
Death in service, group income protection and group critical illness, arranged as a scheme rather than one policy at a time. Often cheaper per person than individual cover.
- Death in service
- Group income protection
- No medicals for most staff
- Whole of market
Free, no obligation, and no credit check to get started.
Group schemes are one of the more cost effective things a small employer can do. Because the insurer is pricing a group rather than an individual, most employees are accepted without medical underwriting.
Schemes are available from surprisingly small headcounts.
Death in Service
Pays a multiple of salary, commonly two to four times, to an employee’s family if they die while employed. It is the benefit staff most often mention, and it costs less than most employers assume because the average workforce is young and healthy.
Group Income Protection
Continues a proportion of salary if an employee is off long term through illness. Most schemes also fund rehabilitation support, which matters as much as the money: getting someone back to work sooner is better for them and cheaper for the insurer.
Group Critical Illness
A lump sum to the employee on diagnosis of a listed condition. Less common than the other two, and usually added by employers who already have the basics in place.
Why It Costs Less
Three reasons. The insurer prices the average of the group rather than each individual. Most members are accepted up to a free cover limit with no medical questions. And premiums are normally an allowable business expense.
Small employers competing with larger ones rarely win on salary. Death in service and income protection are visible, valued and comparatively inexpensive ways to close part of that gap.
Setting a Scheme Up
We need a staff list with ages, salaries and job categories. From that we obtain quotes across insurers and set the benefit levels with you. Schemes are reviewed annually as the workforce changes. The Association of British Insurers has useful background on how group cover works.
No paperwork and no credit check. An adviser calls you back with your real options.
Start nowor call 0117 370 6363Frequently Asked Questions
How many employees do we need?
Fewer than most people think. Schemes are available from small headcounts, and below that individual relevant life policies often do a similar job.
Will staff need medicals?
Usually not, up to a free cover limit set by the insurer. Only benefits above that limit typically require underwriting.
Is it a taxable benefit for employees?
Death in service is normally not treated as a benefit in kind. Group income protection benefits are usually taxed as income when paid. Confirm with your accountant.
Can we cover only some staff?
Yes, provided the group is defined by an objective category such as role or grade rather than picked person by person.
Get a scheme quoted for your team
Send us a staff list with ages and salaries and we will come back with real numbers.
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We are not tax advisers. Tax treatment depends on individual circumstances and may change in future.
Cover levels, premiums and policy terms depend on your age, health and circumstances. Policy exclusions apply and are set out in the insurer’s key features document.
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Infinity Financials Ltd is directly authorised and regulated by the Financial Conduct Authority, FCA registration number 993949. Infinity Mortgage is a trading style of Infinity Financials Ltd.