Ideal for ambitious, growing businesses, executive income protection can be used as an additional workplace benefit for key employees and business owners too. These policies generate regular monthly income if unable to work due to injury or illness beyond the business’ standard sick pay arrangement.
At LDNfinance, our experienced, highly professional advisers can review the insurance market to arrange a bespoke executive income protection policy that covers a large percentage of a key employee’s gross income, which could be as much as 80% of their gross earnings. This figure can include any dividends, National Insurance contributions or pension contributions. Executive income protection gives key employees reassurance that in the event of being unable to work due to ill health they may, after an agreed waiting period, receive a regular monthly benefit to help offset their lost income.
Your nominated LDNfinance adviser will take the time to understand the make-up of your business before providing independent and impartial advice on the most suitable income protection policies for you and your key employees.
Reward the loyalty of key personnel by safeguarding their income
If your business has a layer of management or key personnel that you consider critical to the long-term profitability of your company, executive income protection is one way of rewarding them for their loyalty and dedication as part of a generous benefits package. An executive income policy will be owned by your company but underwritten on the life of your selected employees or directors.
Your whole of market LDNfinance adviser will make product recommendations tailored to your specific needs and budget.
Let’s discuss your business’ unique circumstances and arrange bespoke executive income protection that helps your valued workforce plan for the unexpected.