Death in Service Cover

Offering Group Life Assurance or Death in Service cover is excellent way to provide cost effective Death in Service cover for your Key Staff.

Cover is usually based on employees salary and can be designed to provide valuable Life Assurance based on the life assureds income.

Group Life cover also offers access to simple underwriting, which means in the majority of cases, no medical information is required( unless free cover limit is exceeded)

Why Group Death in Service Life Assurance is A Good Idea For Your Business

• Under current UK Tax law, Group Life Assurance premiums are an allowable expense for your Business
• Benefits from the Policy are normally paid out Tax Free.
• Cover is Flexible and can be based on salary or a Fixed Lump Sum
• For Employees( under current legislation) Group Life Cover is not classed as a Benefit in Kind, so no cost to the Employee
• Helps with Retention of Staff
• Cover can normally be combined with other Group Cover such as Income Protection and Critical Illness to offer attractive benefits package for Staff.