Prosperity Insurance Brokers understands that an unexpected death can have far-reaching consequences at a time of considerable stress, with families confronted by increasing funeral costs, associated costs and financial obligations or debts.
A Death in Service provision encourages loyalty from your employees and provides reassurance, should they die, their families and dependants will be cared for;
• Any lump sum payable to dependants is not subject to Inheritance Tax.
• All causes of death are covered.
• Premiums are usually allowable as a business expense and enjoy corporation tax relief.