What do statutory life and disability benefits cover?
- Death-in-service benefits are provided by the social system. Part of the National Insurance contribution covers a Bereavement Support Payment. This is a benefit paid to eligible individuals who have lost a spouse or civil partner in the past 21 months.
- Long-term disability benefits are provided by the social system. Employees have access to the Disability Living Allowance for Adults and the Employment and Support Allowance.
What life and disability benefits do most employers offer?
It is common practice for employers to offer supplemental long-term disability benefits and life assurance. Velocity Global offers income protection and life assurance through Unum. For additional information regarding our Unum offering, including plan summaries and cost details, please reach out to Velocity Global through your normal process, and we will help you.
Employers provide short-term sickness benefits through mandatory paid sick leave. It is common practice to provide enhanced sick pay, which Velocity Global can facilitate.