Britain's First Employee Funded Group Risk Scheme

Article Written By: BSM

In many ways the UK group insurance market is far behind the US. UK providers are constantly looking into US insurance practices to see which positive aspects could be adopted for this country. Unum in particular has been reviewing policies from its US business stream for the UK market. The main strategy is to follow US practices and target the workplace for insurance protection products.

Unum has recently announced the launch of the UK's first fully developed group risk scheme. As with other schemes this can be funded by a balance of employer and employee contributions. However it is different from other group risk schemes currently available in that it can also be completely funded by just employee contributions. This new scheme can provide the follow types of cover:

Critical Illness Cover (CI) - if you were to fall critically ill then you could be left facing a number of financial difficulties.and#160; Your illness could prevent you from working and you could also run up significant medical bills.and#160; CI cover can help make sure you get the treatment you need and also provide financial support for you and your family.

Life Cover - this is an important form of cover to protect your family if you were to die suddenly Life cover can ensure that your family has financial support in place to help them through this difficult time.

Income Protection - if you are ill or injured and unable to work then you could find it very challenging meeting your financial obligations. Income protection provides you with financial support to help you until you get back on your feet.

eQuotes' system is an online quoting tool that allows fast access to products available. Brokers can also use eQuotes to provide fast quotes for their clients.

The modern business world is more competitive than ever.and#160; Companies of all sizes need to make sure they are achieving maximum productivity in order to stay ahead. This means cutting down on staff absenteeism and making sure they have the best employees in place. Group health insuranc is a valuable part of employee benefits. This type of cover provides an affordable way for employees to get the health care they need. This can help to boost staff morale and ensure a healthy workplace.

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