Workers Pension provides Group Life and Accidental Death cover in the unfortunate event of the death of an Active Member of the Scheme.
The employer pays a weekly amount per employee to fund lump sum death in service cover.
If an Active Member dies before the age of 70, a lump sum of £40,000 will be paid to any dependant(s)/beneficiaries at the discretion of the Trustee, subject to Scheme Rules and the terms and conditions of the insurer. An additional £40,000 is payable if death is due to an accident at work or travelling to or from work.
In addition to this, the Member's Account will be used to provide a lump sum death benefit.
Dependants/beneficiaries may not be entitled to death benefit if contributions have not been paid up to date on behalf of the Active Member.
