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Group life assurance is a valuable employee benefit, which can pay a tax free lump sum to the loved ones of an employee who dies whilst covered by the policy.
Workers Pension Trust offers Group Life Assurance as an additional employee benefit. Employers can choose one of the following levels of lump sum cover:
The employer pays a weekly amount per employee to fund a chosen level of lump sum cover.
In the unfortunate event of the death of an Active Member of the Scheme, lump sum cover will be paid, subject to Scheme Rules and insurer terms and conditions. In addition, the Member’s unclaimed pension will be paid to any dependants/beneficiaries, within HMRC limits.
A bereavement helpline is available through the Scheme’s insurer. A dedicated team of trained bereavement counsellors can offer advice and support on practical and emotional issues, at home or at work. The helpline can be used by employees and also by any family members of the deceased. It is confidential and available 24 hours a day.
If you are interested in finding out more about our Group Life Assurance please contact Lisa Kyle at email@example.com or by telephone on 028 9087 7142.
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