• Employer Provided Benefit
  • Premiums are an allowable business expense and are usually Corporation Tax Deductible*
  • Not treated as a benefit in kind so no p11d value for the employee*
  • Perceived as an enhanced staff benefit
  • Lump sum payable on death
  • Minimum of 3 employees applies

What Is Group Life Assurance / Death In Service?

Group Life Assurance otherwise known as Death In Service is a benefit that enables employers to provide a lump sum benefit payment, or sometimes a long term income, to an employee’s family or dependents if they should die whilst employed.

You are able to select a multiple of salary or a fixed amount as a lump sum benefit.

*please obtain your own tax advice from a professional specific to your own circumstances before making any decisions

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