Paul Avis: What are group risk benefits?

On the face of it, group risk benefits comprise what look like four simple product areas and overviews of each are provided below. There is, however, a lot of flexibility in these financial products - all are backed by support services that can be used without any need for claims to be made, all have low-cost options and premium rates are usually guaranteed for two or three years. Predominantly bought through benefits advisers, they are employee benefits that can help bolster staff attraction and retention and also aim to serve other business needs such as meeting moral or contractual ob...