Death in service cover ensures that the nominated beneficiary will receive a lump sum which is based on an agreed multiple of the deceased employee’s salary. The cost of this to the employer depends on the multiple that is used.
Benefits of Death in Service Cover
In our experience, firms that have a spectrum of quality group benefits in place tend to have a higher percentage of long serving employees.
We have found that employees place considerable emphasis on group benefits, which in turn makes them care more about the firm they work for, which has further positive knock on effects for the employer.
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Perhaps the most important advice I give to my clients is to plan carefully and do not leave things to chance. My job is to help you grow and protect your assets by providing the knowhow you need to make informed decisions about your future. My job is to help you grow and protect your assets by providing the knowhow you need to make informed decisions about your future. I then help you implement the strategy into a reality. I will work with you over the long term, helping you to build, brick by brick, a successful and robust financial situation.