If you’re a small or medium sized business, you may be looking for a flexible, tax efficient way to offer select employees the benefits of an extended sick pay arrangement as part of your recruitment/ retention strategy. On the other hand, if you’re a one man limited company you may need a plan to protect your own earnings.
Why is income protection important?
- 1.2 million people who worked during the last year were suffering from an illness which they believed was caused or made worse by their current or past work*
- In 2008, 29.3 million working days were lost in the UK due to illness or injury*
The Executive Income Replacement Plan protects key employees by providing a regular income should they suffer long-term illness or injury. The Plan also enables employers to manage the risks and costs of sickness absence whilst offering employees an attractive benefits package.
These pages provide an overview of our Executive Income Replacement Plan. You will find information on what the product is, how it works and how it serves the best interests of employer and employee alike.
What does Unum provide?
The features
Who benefits?
Getting further advice
Further information can be found in our Executive Income Replacement Literature section, including Forms
* Source: Health & Safety Executive, 2008/09