Setting up a flexible plan.

Flexible benefits give employees the choice of selecting their own level of protection cover within agreed limits. We offer a range flexible benefits that can be designed to suit your budget and scheme set up.

The employer chooses a range of core benefits that employees can top up and change, (as long as they’re still in employment) according to their life stage or individual circumstances.

The employer will need to decide the eligibility conditions including who can join and when, as well as, the level of benefits they want to provide.

Before we can quote

We’ll need to know before we quote, who will be responsible for calculating the premiums (either the employer or a third party administrator).

We’ll provide rates so the premium can be calculated for the selected benefits for each member. An administration system will need to be in place in order to provide product and benefit information to employees. This system must be able to calculate the flex amount or the voluntary premium so that these can be passed on to us on a monthly basis by cheque or by BACS within 28 days of the monthly accounting date.

Managing the scheme

The following information should be sent to us every month about each member, by secure email to group.protection@landg.com.

• Date of birth
• Gender
• Date of joining the plan
• Benefit of each member
• Premium per member using the rate table provided with the quote

Use one of the forms below to give us this information:

• Death in Service Benefit membership details
• Life Assurance Benefit membership details
• Group Income Protection membership details
• Group Critical Illness Cover membership details

Rate Guarantee

We normally guarantee premium rates for two years (or a period agreed at the quote stage). We won’t be able to guarantee premium rates if:

• The benefit or membership varies by more than 25% during the policy year.
• The eligibility conditions are changed.
• The benefit formula or scheme earnings definition is changed in anyway.
• A new company joins the scheme or an existing company leaves it. Let us know if this happens so that we can review our terms.

You may need to tell us about some joiners and leavers including late or early entrants plus company changes.