Review your group death in service regularly to ensure you are providing the most appropriate cover at the most competitive rates
Transfer your scheme
If you suffer from
- High costs
- Low employment take up
- Poor service
- Lack of service
It may be time to change your scheme provider
Contact Cobens for more information firstname.lastname@example.org or 0207 11 88 777
BBC News - Business
Death in Service
If an employee dies, Death in Service (DIS) provides a tax-free lump sum to the deceased’s nominated beneficiaries, subject to HM Revenue & Customs rules. It provides the surviving family with a lump sum to help protect their financial future.
This is one of the most cost-effective benefits you can offer. It is popular in all sectors and among all types of employer.
A Death in Service benefit is one of the cheapest forms of life assurance available. It is often used by directors solely to pay for family benefits without having the benefits taxed, or entered on the P11d form.
Additional benefits are often attached to a Death In Service scheme. Some offer discounts for employers offering Private Medical Insurance (PMI) and others for Income Protection (IP or PHI) policies. DIS packages vary considerably in terms of definitions and protection, Cobens can help you consider your options.