It ensures that if an employee passes away while employed, their beneficiaries receive a lump sum payment. This benefit is typically offered to employees as part of a wider employee benefits package, providing both peace of mind to employees and financial protection to their families.

If an employee passes away while employed, the policy pays a tax-free lump sum to their nominated beneficiaries.

Death in Service cover is usually funded entirely by the employer, making it a valuable and cost-effective benefit for employees. Offering Death in Service cover can be a valuable tool in attracting and retaining employees, as it enhances the overall benefits package. It is a valuable benefit that provides essential financial support to employees’ families, while also helping employers demonstrate care for their workforce.

If you are considering offering Death in Service cover as part of your employee benefits package, contact us today to see how we can help.