Additional Insurance
Bartlett can assist you with the following products:
- Income Protection
- What it does and why it might help you:
Income protection is an insurance policy that pays out if you’re unable to work due to injury or illness. The policy will typically pay you an income until the end of a specified term, retirement, death or your return to work, whichever comes first. The amount of cover can vary greatly, and the policy can be cancelled at any time.The income paid out is usually based on a percentage of your earnings (50% to 70% is common) and is tax-free. Income Protection policies only begin to pay this income once a pre-agreed period has passed, generally ranging from 1 to 12 months. This is known as the ‘deferral period’; the longer the deferral period you choose, the lower the premiums will be.
- Private Medical Insurance
- What it does and why it might help you:
Private Medical Insurance provides you with quick access to medical treatment in a private hospital or facility. There are many levels of cover to choose from, however, most plans provide cover for in-patient, day-care and outpatient services of acute medical conditions. Acute medical conditions are conditions that can be treated quickly and effectively and have a cure. Comprehensive plans can also include dental health cover plus therapy benefits such as physiotherapy, chiropractic and acupuncture.
- Group Life Assurance
- What is does and why it might help you:
Effectively a life insurance policy written on a group basis for the benefit of the families of your employees. Should the worst happen to one of your employees, the policy would pay out a tax-free lump sum to their nominated beneficiary. Simpler than individual life insurance as group policies have ‘free cover limits’ whereby no underwriting is required if the sum insured is below the limit.
- Automatic Enrolment
- What is automatic enrolment and what it means for you:
Automatic Enrolment is the government’s answer to the unsustainability of the state pension. It forces employers to provide their workers with a private pension into which the employer and employee will contribute. If you employ someone, you will have to set up a pension for them providing they meet certain criteria.
For further information on any of the above insurances please contact Andrew Holt on
