Group Income Protection

Group Income Protection, sometimes also known as Permanent Health Insurance (or PHI for short), provides you as an employer with a regular income in the event of one of your employees being off work ill for an extended period of time.

This can help your business to cope, by covering the cost of hiring temporary staff or having other employees do overtime, or it may help mitigate the loss of income or loss of profits attributable to that employee. Having group income protection also then enables you to continue to meet the salary of the employee who is off work ill, providing them with much needed financial support at what will already be a difficult enough time for them.

Lighthouse Group Employee Benefits can provide significant assistance to you in the selection, deployment, and ongoing maintenance of Group Income Protection schemes.

Advantageous Underwriting Terms from Lighthouse Group Employee Benefits

Lighthouse Group Employee Benefits is one of just a handful of brokers which have access to specialised small schemes underwriting facilities from some of the leading insurers. This enables us to extend the benefit of group underwriting procedures to schemes with just a few members. This can save you significant amounts of money when compared to the cost of a series of individual policies and also makes it far easier and quicker to obtain cover without the need for a medical, or indeed the need to answer any health questions whatsoever.