Business Death in Service Case Study
A large corporate account was starting a new business in the construction and facilities market.
We were appointed to put a range of employee benefits in place and advise our client, the employer, on the most appropriate employee benefits.
The first stage in the employee benefit proposition was to advise on the Group Personal Pension Plan and the Death in Service benefit.
Once the senior management team had agreed on the provision of these employee benefits they were researched, recommended and implemented.
The Group Personal Pension Plan was promoted to staff and in the background the Death in Service Benefit was arranged with the appropriate trust and guidance issued to the employer.
Within a very short time-frame the Death in Service Benefit sadly had a claim. The claim was administered promptly and the employer received payment into the trustee bank account quickly.
The trustees had promptly reviewed the claim and an immediate payment was made to the family of the deceased.
Whilst this was a distressing time for the family they recognised the efficient payment of the claim and thanked the employer and all involved.
No names have been used for client confidentiality. This case study is based on a real client.
Additional death benefits were also paid out from the Group Personal Pension Plan.