Death in service is often considered an employee benefit and is paid and underwritten through a group scheme of 2 or more employees.
The sum assured is typically 3-5 times the employees annual salary depending on the company policy and the seniority or length of service of the employee. The lump sum can be paid to any nominated beneficiary including the company or the employees family.
Staff can be added or removed from the scheme with ease.
In all circumstances cover will be tailored to your businesses needs and it is essential that you appoint a broker that has the experience and ability to understand the variety of risks that you and your business can face.
Whilst the extent of cover must always remain paramount we understand that cost is an important factor in any decision making process, whilst at the same time providing a personal service to each client, understanding that one size does not fit all.
If you would like to review your existing protection or do not currently have cover in place, please contact us for more information.