Group Income Protection Benefits
How do Eolas Wellbeing help your company when it comes to Group Income Protection Benefits?
Eolas Wellbeing helps employers to design and put in place Income Protection arrangements for employees. Via our independent financial planning arm, Eolas Money, we source the market to identify and set up the most competitive and suitable plan for you and your employees.
What is Group Income Protection Benefit?
Income Protection Benefit is designed to provide an income for employees if they are unable to work for a prolonged period of time due to illness or injury. Payment begins once a pre-determined period called the “deferred period” has passed since the onset of the condition leading to the claim. The deferred period differs according to the specific terms of each policy, but can range generally from 13, 26 or 52 weeks.
Loss of income due to illness or injury is a real concern for employees. Therefore, employees perceive Income Protection Benefit provided by their employer as being a very valuable benefit which is normally a huge benefit in attracting and retaining employees.
Contact us to find out more about how Eolas Wellbeing can help your organisation with Group Income Protection Benefits