Our group life cover provides insurance to cover lump sum and/or dependant's pension benefits for employees who die while in the company's service. It's flexible and cost-effective, making the most of the opportunities created by A-day. It can be used to insure benefits offered under a registered occupational pension scheme or it can be a stand-alone employee benefit.
The scheme must have registered status granted by the HM Revenue & Customs (HMRC).
Benefits for your clients
- Our competitive rates are guaranteed for two years.*
- They can control costs by keeping the current HM Revenue & Customs (HMRC) earnings cap or introducing a salary cap of their choice.
- We can take into account any other group life covers (except spouse and partner life cover) held with us when calculating free cover and rates.
- For lump sum cover, we provide an option for trustees to pay part, or all, of a member's benefits, at the member's request, as an income to their dependant(s). This can be particularly useful for employees who are concerned about breaching the lifetime allowance.
- RED ARC bereavement support can help employees, line managers and their families to cope with the effects of terminal illness and bereavement.
- And don't forget we can now offer cover to age 75.
More product information
For more details about this product and information you can use with clients, please take a look at our literature.
For more information on getting a quote or setting up a scheme, please choose 'Quotes and scheme set-up' from the menu on the left.
*Subject to terms and conditions.