This is a single life policy providing an individual director, owner or employee with tax-efficient lump sum benefits. Benefits don't count towards the member's lifetime allowance so it's particularly suitable for anyone whose benefits could exceed the lifetime allowance or who's applied for enhanced protection*.
One of the many features of our single life high earner's cover is that it can be linked to your client's main group life scheme with AEGON Scottish Equitable (either registered or excepted). So the member benefits from access to free cover and improved rates.
A single life high earner's policy can only have one member. If you need cover for two or more employees, our excepted group life cover could be the answer.
Benefits for your clients
- We'll link your cover to the main group life scheme, giving access to free cover and improved rates.
- There's minimal need to give evidence of health due to our generous free cover benefit. If we do require medical examinations, these can be carried out in the member's home or workplace by a qualified nurse or paramedic, or by their own doctor in their local surgery.
- We can extend cover for a member if they're seconded overseas.
- It's low cost - just £75 a year plus contributions.
- RED ARC bereavement support can help the member and their family 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.
*The lifetime allowance is the maximum amount of tax-advantaged benefit an individual can receive from all the registered schemes of which they're a member. This includes pension and lump sum payments (including lump sum death benefits) and is set at £1.65 million for 2008/9.
Enhanced protection is one way in which individuals can protect the value of pension benefits built up before A-day.