GROUP RISK: Don't put off group income protection until it's too late

There is clearly a need for group income protection in the UK economy. The fact that the product itself can benefit employers, employees and the UK government should make it one of the most popular employee benefits, alongside pensions, in the UK today. One major problem could be a lack of understan...

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Bibliographic Details
Published in:Employee Benefits 2009-07, p.S.2
Main Author: White, Declan
Format: Magazinearticle
Language:English
Subjects:
Employee benefits
Employees
Employers
Group insurance
Leaves of absence
Retirement planning
Sick leave
Online Access:Get full text
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Summary:There is clearly a need for group income protection in the UK economy. The fact that the product itself can benefit employers, employees and the UK government should make it one of the most popular employee benefits, alongside pensions, in the UK today. One major problem could be a lack of understanding of how beneficial the product is. While it is fair to say there needs to be innovation in the market with regard to product design, the fundamentals appear to be right. But perhaps the fundamentals are not being explained well enough.
ISSN:1366-8722