The longer an employee is away from the workplace, the less likely they are to return to work. This unfortunate fact means that employers regularly need to retire employees early on grounds of ill health.
In the UK:
- About 40,000 public servants were retiring early each year on medical or injury grounds by the mid 90s.*
In today's environment of low investment returns, surplus pension funds are rarely available to cover this eventuality.
Capital Option offers employers the chance to protect the income of their staff in the event of long term illness or injury, whilst limiting their own long-term absence costs.
Unum's product offers a complete income protection package plus a solution to the expensive prospect of funding early retirement.
An Employee/Employer Assistance Programme is provided at no extra cost, that benefits our customers and their insured employees and includes a business advice website and advice line.
Some employers will also be eligible to enjoy the benefits of Premier – our key account management programme that provides proven, modern and flexible support for larger Group Income Protection customers, who may have limited time or resource to manage sickness absence.
These pages provide an overview of our Capital Option. You will find information on the product how it works and how it serves the best interests of employer and employee alike.
What does Unum provide?
The features
Who benefits?
Getting further advice
Further information can be found in our Group Capital Option Literature section.