Death In Service
Death In Service Insurance
Highly cost effective Life Assurance cover, to provide a significant lump sum for employees dependents. Group schemes offer significant savings against individual life assurance, with eligibility for tax relief for the employer. Underwriting and paperwork can be very simple and uncomplicated in most cases, often with a high level of cover which will require no underwriting.
Employer Benefits?
- Helps attract and retain loyal employees
- Tax efficient - premiums are normally tax allowable
- Significant Free Cover Levels can reduce underwriting
- Continuation of existing cover without medical evidence
Employee Benefits?
- Lump sum benefits for beneficiaries from 1 to 6x or more final earnings
- Benefits for employees are not "benefits in kind"
- Medical underwriting may not be required.
- Continuation of existing cover without medical evidence
