The Pension Reform Act 2004, amended in 2014, stipulates that it is compulsory for employers with at least three staff to maintain a life insurance policy or death-in-service benefit scheme. The scheme must be worth a minimum of three times the total annual employee salary costs.
Our Group Life Assurance Policy or Death-In-Service Benefit Scheme is simple, competitively priced and offers your business the most comprehensive benefits. It is designed to provide a lump sum pay-out of the payment assured to the dependents of any employee who dies while in their employer’s service.
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For more information about our Group Life Assurance Cover or our other corporate products, please call 0700 255 4269 or 0800 255 4269; or send an email to email@example.com.