Group Death in Service / Group Life Assurance

What is a Group Death in Service/ Life Assurance?

Group Death in Service / Life Assurance protects your employee’s family and dependants by providing a tax free lump sum to their beneficiaries should they die whilst still in your employment. This is usually a multiple of the employee’s basic salary. The scheme would be set up under Trust and therefore will not form part of the employee’s estate.

How we can help you

HCR has a close working relationship with DGS IFA Limited who are an independent employee benefits broker and can advise you on the most appropriate and competitive Group Death in Service / Life Assurance Scheme for your business, taking into account your organisation’s objectives, specific requirements and budget.

They will undertake a thorough independent provider selection process based on your requirements and will assist you with communicating this benefit to your employees, as well as providing ongoing support and advice if you or your employees have any queries relating to the scheme.

They can also advise you if you are looking to review or harmonise your existing Group Death in Service / Life Assurance Insurance arrangements.

Why offer it?

Benefits to your business of providing Group Death in Service/ Life Assurance:

A simple and low cost benefit, allowing you to provide a competitive benefits package by aligning yourself or differentiating yourself from your competitors
Demonstrates that you are a caring employer and that you care about your employee and their family/dependants
Can be registered with HMRC and therefore benefit from corporation tax relief – making for a more cost effective benefit for an employer.

HCR Independent Financial Advisers Limited is registered in England and Wales. Company number 04463931

Registered address: 2 Crown Buildings, The Green, Chingford, London E4 7EX

Trading address: Suite 5 First Floor, Foremost House, Radford Way, Billericay, Essex CM12 0BT

Authorised and regulated by the Financial Conduct Authority under reference 216219

The guidance and/or advice contained within the website is subject to the UK regulatory regime and is therefore primarily targeted to customers in the UK.

Not all products and services offered are regulated by the FCA. For further information and to check each firm’s registration details, please visit the FCA using the link below.

The Financial Conduct Authority is the main regulatory body for the financial services, general insurance and healthcare industries http://www.fca.org.uk/

The Financial Ombudsman Service provides consumers with a free, independent service for resolving disputes with financial firms http://www.financial-ombudsman.org.uk/

If you have any questions relating to the information contained in this page, please contact us at enquiries@hcrifa.co.uk

Should you wish to make a complaint about any aspect of the service we provide to you, you can do this by writing to enquiries@hcrifa.co.uk or by telephoning us on 01277 824744 where we will try to resolve your concern at the earliest time possible. A summary of our internal complaints handing procedures for the reasonable and prompt handling of complaints is available on request and if you cannot settle your complaint with us, you may be entitled to refer it to the Financial Ombudsman Service at www.financialombudsman.org.uk or by contacting them on 0800 023 4567

What is a Group Death in Service/ Life Assurance?

How we can help you

Why offer it?

WANT TO FIND OUT MORE ABOUT OUR SERVICES?

Tel. 01277 824744

Email. enquiries@hcrifa.co.uk