Death In Service Overview
Group Life cover is an insurance policy that helps deal with circumstances everyone would prefer not to think about: the loss of life. Every death is tragic; the loss of a loved one who supports their family financially is all the more devastating.
In the event of an employee’s death in service, a group life policy provides dependants with the financial protection of either a tax‑free lump sum or a dependants’ pension, or both. It’s a difficult time, highly charged with emotion and laden with unexpected considerations for everyone involved. But the benefits of Group Life cover give practical as well as financial support to employees’ loved ones at a time when they need it most.
Having a Death in Service policy in place contributes invaluable peace of mind for your employees and also plays a role in attracting and retaining staff, as it clearly demonstrates a business commitment and care towards employees.
Summary of Benefits
- Financial protection when your employees need it most
- Expert guidance and support
- Peace of mind
- You decide the level of benefits you need
- Comprehensive bereavement service