Employee protection menu

Introduction

It's not just big companies that can offer flexible benefits. We have a way for smaller companies to do so too.

If you have between 50 and 500 employees don’t be put off flex schemes by concerns over the variable cost and administrative burden. Our Employee Protection Menu means that you can now get a flex package at a fixed cost with very little administration.

You choose from a range of six menus, plus an executive option, according to the needs of your workforce and budget. Each menu offers a choice of different benefit options for employees, which can include:

• life cover (lump sum)
• life cover (spouse's or dependant's pension)
• income protection cover
• critical illness cover
• spouse and partner life cover

You simply choose which menu you want to offer to your employees. They can then make their choice from the benefit options. Like any flex scheme, employees can change their choices if their circumstances change:

• at the yearly renewal date
• within three months of a specified range of lifestyle events (eg marriage/the birth of a child)

But because the contribution is calculated for the menu as a whole (expressed as a fixed percentage of salary roll and guaranteed for two years), your employee benefits spend would be stable, no matter how many changes of benefits your employees make.

Benefits for you

• The fixed cost makes flex easier to budget for.
• It recognises that individual employees have individual needs - and so can act as a strong recruitment and retention tool.
• We provide information packs for all employees.
• We handle all the administration - all you have to do is send us your employees' option forms and let us know if any information changes.
• You can get access to our RED ARC services for group life and critical illness.

Benefits for your employees

• They can choose the benefit option that's most appropriate to their lifestyle from a choice of up to six.
• Each menu offers a mix of cover, which may include critical illness, income protection, group life and spouse and partner life cover.
• They can change their combination of benefits to suit their needs as their circumstances change.
• They can access RED ARC support services for themselves and their families.

For more information take a look at our employer brochure and our employees brochure.