Business

Employee Focused

Executive Income Protection – provides employees/directors sick pay cover by paying their monthly salary when incapacitated to work through accident, illness or injury.

Would you like to know your employees can provide for their families month to month even when they are off long term sick, giving them financial peace of mind to focus on their health?

The business also benefits by covering Employers NI & Pension contributions, which also provides the business financial peace of mind.

This cover has tax efficiencies, for both the business and individuals:

• Corporation Tax allowable expense
• No P11D implications for employees

Key Person Protection

Safeguards the business finances by paying a lump sum if a Key Person becomes critically or terminally ill or even dies.

Could your business afford to run if you lost a Key Person?

This cover will allow the company to insure against financial loss if a Key Person was no longer in the business. If there are reduced sales and falling profits, are the remaining staff’s jobs at risk? Key Person can be key for a company’s survival by replacing lost profit or finding and hiring a replacement.

Shareholder Protection

Protects the shareholders investments by paying a lump sum upon diagnosis of critical illness or terminal illness and death.

Could your business afford to purchase their shares?

This covers will allow the remaining shareholders to remain in control of the business. If there are no funds to buy back the shares, the family may choose to become involved with running the business or sell their shares to a competitor.

Business Loan Protection

Protects the guarantor of a Business Loan or Directors Loan by paying a lump sum upon diagnosis of a critical illness or terminal illness and death.

Could your business afford to pay the debt if the loan was to be called up by the lender?

This cover will allow the company to insure against the loss if the guarantor was no longer in the business. Lenders will be paid without any concerns for the remaining business owners of the debt being called up at time of uncertainty. Usually, the guarantor of a loan is a Key Person.

Relevant Life Plans (RLPs)

Provides employees a Death In Service benefit by paying a lump sum upon diagnosis of a Terminal Illness and Death. Significant Illness can now be covered.

Would you like to know that your employees’ families have additional financial peace of mind?

This cover has tax efficiencies, for both the business and individuals:

• Corporation Tax allowance expense
• No P11D implications for employees
• Does not form part of lifetime allowances for high earning individuals such as directors.

Private Medical Insurance (PMI)

Provides employees with private medical health care and high quality facilities, bypassing the NHS waiting lists.

Would you like to know your employee can get treatment when they need it?

This cover is a great employee benefit and complementary for Key Person protection to ensure they are back to work sooner rather than later for acute conditions including Critical Illnesses.

Enable Life Limited act as a credit broker not a lender for private medical insurance