Pension Pot - Death in Service.

mania112

Zero_Sum wrote: »

common for people in pension scheme, rare for no pension scheme

I have worked for a company (medium sized, I was low level) that provided a death in service insurance plan, and I think my current employer does too.

2 employers out of the (maybe) 5 I've had, isn't rare.

- all outside of a pension arrangement

worried_jim

For myself I get-

If you die while you are an employee of the Group, the following are payable:
A cash lump sum (known as life cover) of 4 x your basic pay
The value of your account (Pension pot)
An additional cash lump sum of 4 x your basic pay if you have a qualifying dependant.