Group Death In Service Cover

This is a great addition to your benefits package and as long as the employee is included on the payroll, they should get access to the scheme. However, in some instances, employees will only be enrolled if they’re on the company pension scheme. If one of your employees were to die during the term of their employment, their beneficiary would receive the payout. The beneficiary is nominated by the employee when the cover is taken out. The amount they receive is dependent on the cover you choose, which is typically 4x the employee’s annual salary, but can be greater.