In today’s climate, it is more important than ever to have accessible healthcare services. Research shows that 75% of business owners admit that they continue working when they are ill. (source: AIG’s health and wellbeing survey)
Retaining your valued workforce is important. One way employers can help maintain a healthy and happy workforce is by providing staff with easily accessible free health and wellbeing advice.
As an employer, are you aware that a Death in Service Scheme not only provides a cash lump sum to a deceased employee’s loved ones, but it can also provide your employees with a range of well-being services free of charge?
An example of the additional services you could expect to receive are:
Bereavement Support:
This service provides employees and their family 24/7 access to a completely confidential bereavement helpline and face to face counselling sessions if required.
Probate Helpline:
This service provides access to a telephone helpline and can help employees and their families understand the process for obtaining probate, as well as providing legal, financial and tax guidance resulting from a death.
24/7 UK based GP service:
This service provides round the clock access to UK registered GPs who can help to provide support with medical concerns, prescriptions and specialist referrals.
Second Opinion:
This service provides access to experts to obtain a second opinion on a medical condition. They are able to assess a diagnosis and provide alternative recommendations for treatment.
Mental Health support:
This service provides access to mental health specialists who can offer personalised care.
Health Check:
This service provides a personalised report to help employees improve their health and nutrition.
Fitness & Nutrition Plans:
This service offers a personalised 4- or 8-week programme, designed by sport coaches and nutrition experts.
How can we help?
MWM specialises in providing advice to employers on a range of group protection products to enhance their employee benefit packages. We have a wealth of experience in assisting businesses of all sizes.
As each business is unique, so are the programmes we put in place. We are able to review existing arrangements, if you have any, and ensure that they remain appropriate. We can discuss with you what you would like to do for your employees in the future and put together a recommendation tailored to your requirements.
Furthermore, schemes can be established on a ‘registered’ or ‘excepted’ scheme basis whereby registered schemes are written under a trust registered with HMRC and excepted schemes are written under a discretionary trust. The different trust structures are subject to different taxation rules.
If you would like to hear more about how we can add value for you and your employees, contact a member of our Employee Benefits team who will be happy to show you how we can help.
CONTACT US
| Email advice@mwmeb.co.uk Web MWM EB | London Office Lynton House, 7-12 Tavistock Square London, WC1H 9LT T: 020 7465 1980 | Solent Office 3000A Parkway, Whiteley Hampshire, PO15 7FX T: 01489 582 011 |
MWM Employee Benefits Ltd is an authorised representative of Menzies Wealth Management who is authorised and regulated by the Financial Conduct Authority (486548). Registered address: 1st Floor, Midas House, 62 Goldsworth Road, Woking, GU21 6LQ Registered in England and Wales 06597008.
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