Income protection for a connected group of people, usually all working for the same company. The employer provides this tax deductible benefit to staff as an additional extra as part of the remuneration package.
Cover packages can de designed with different wait periods, benefit periods and monthly benefit amounts to suit budget and company size.
Being part of the plan is usually limited to full time staff.
Minimum numbers are required to establish a group salary continuance policy.
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Dip Ins Broking, Dip Int Risk Management, Cdec (Qual)