Group Life key product features
- Automatic Acceptance Limit (AAL) (free cover limit) typically up to a benefit of £1,250,000.
- Forward Underwriting - Employees will usually only be underwritten once where schemes cover 50+ members. Where forward underwriting applies no further medical enquiries will usually be made until the member's benefit exceeds £3,000,000.
- Temporary cover of up to 90 days for employees over the AAL who we require to be medically underwritten.
- Continuation of cover available for transferring schemes.
- Additional cover available for a lump sum to purchase a dependant's pension.
- Optional additional protection available for:
- Ill health early retirement.
- Elected early retirement.
- Redundancy.
- Temporary absence cover, due to illness or injury, can be provided until termination age. For other absence reasons cover is usually provided for up to 36 months however longer periods can be agreed.
- Cover available for employees aged 16 to 74.
