Group death in service

group life insurance nottingham, death in service nottingham

A Death in service or Group Life Insurance policy is the very least that employers can do, to ensure that the families of those who are a part of their organisation are looked after if the worst happens whilst employed by them, A death in service or group life insurance provides life insurance for employees, for the benefit of the employees family.

A highly valued, inexpensive & tax-efficient staff benefit, providing a lump sum,
a pension or both to dependents if an employee dies in service.

The following tax relief is available:

• Employers – payment of group life insurance premiums reduces profits and therefore reduces corporation tax due.
• Employees – group life insurance is not a taxable benefit, and any lump sum received is free of income tax and inheritance tax should a claim be made

We are IFAs, Independent Financial Advisers in Nottingham and Nottinghamshire, offering Group Life Insurance advice, death in service from a whole of market ‘service. If you are looking for financial advice from an IFA we will happily discuss any area of interest or concern with you and whilst we pride ourselves on being able to deal with most areas of advice, if we are unable to advise or we know of a better route for you, we will be happy to guide you in the right direction.
Our areas of specialty are: pensions, investments, mortgages, life insurance, critical illness, income protection & private medical insurance.

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