Every employer knows that to keep and retain the most skilled and motivated members of staff, they must provide not only a good salary, but also a comprehensive employee benefits package.

Employee benefit packages can contain the following:

• Retirement plans
• Private medical insurance
• Life insurance

At Prosperity, we can tailor make these packages to suit the companies budget, and it allows you to add the extra benefits to the top executives and senior management level employees. Alternatively, it can be offered to all employees to take advantage of economies of scale.

As well as being able to cover the most obvious areas like medical cover, Prosperity also offer extra services such as Death In Service and Key Man Insurance.

Death in service policies are life insurance policies. An employee can be covered for up four times their annual salary, and if they die in service their dependants should receive the insured sum free of tax.

This benefit is popular with both companies due to their relatively low cost and members of staff who can feel secure that their families will be looked after if they die.

Key man Insurance allows you to safeguard your company should the key person suffer from an illness or death. These people are often difficult, or even impossible to replace, and their absence could be devastating to the company profits.

At Prosperity, we can advise the most suitable product for you key member of staff.

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