Death in Service

A good employer cares about their employees. A good employer cares about what happens to the family of an employee if the worst happens, and an employee dies.

A tax-free lump sum, usually a multiple of the employee’s salary, paid to the family if the qualifying employee dies.

An employer who cares about the wellbeing of their employees’ families if the worst happens – and who wants to be seen to care.

To protect the families and dependants of the employees

Your most precious business asset is the talent and commitment of your staff. This policy is evidence of your commitment to them, protecting their family and dependants in the event of an untimely death.

It depends on the level of benefit. It is the cheapest form of employee benefit, costing from as little as a few pounds per employee.

It usually expires when an employee leaves service or reaches a specified retirement date. If an employee is made redundant, the cover can be extended for an agreed period by prior agreement with insurer.

We’ll help promote your employees’ awareness and understanding of the policy with our comprehensive communication service.

No. You can arrange cover for some categories of employee as part of a structured benefit package.

Yes. As long as the employee is contracted to the UK Company.

No, as long as the payment is within the limits set by HM Revenue and Customs. You can read current advice on tax and benefits here.

Employees usually complete a death benefit nomination, also known as an Expression of Wish Form. This sets out who they wish to receive the Death in Service benefit payment.

Our many years of experience running schemes such as Death in Service means we are ideally placed to help. We are on hand all the way through, from design to implementation of the scheme to helping with the smooth running of the policy. Premier Choice’s service includes our innovative, award-winning claims management system, which is designed to give the maximum assistance to employers.

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Want to know more? Call free on 0800 970 1618 or click on the link below to enquire online. Speak to a member of our team to see how we can tailor a package to suit your specific needs and receive a FREE no obligation quote.

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