Death In Service Cover
The employer pays a weekly amount per employee to fund lump sum death in service cover.
In the unfortunate event of the death of an active member of the Scheme, lump sum death in service of £30,000 will be paid, subject to Scheme rules and insurer terms and conditions at the discretion of the Trustee.
In addition, the member’s unclaimed pension will be paid to any dependants/beneficiaries, within HMRC limits.
Dependants/beneficiaries may not be entitled to death benefit if contributions have not been paid up to date on behalf of the active member.