Create Financial Management - Independant Financial Advisors, Creating and protecting wealth
Tel: 01332 548100

Death In Service

Death in Service Life Insurance policies are life insurance policies that can be linked to a company pension scheme. An employee is covered for up to three to four times their salary if they die while employed (hence ‘Death in Service Insurance’) and their nominated person receive the insured sum free of tax.

This benefit is popular with both companies due to their relatively low cost and members of staff who can feel secure that their families will be looked after if they die. It is probably the most cost effective Life Assurance cover available.

Group Death in Service Insurance policies represent significant value for money compared to individual life assurance policies. Apart from the tax relief for the employer, underwriting and administration is usually simple.

How does Death in Service Insurance benefit the employer?

  • Attract and retain staff incentive
  • Tax efficient – it is classed as a trading expense
  • It is approved, not a ‘benefit in kind’
  • There is continuous entry for new members

How does death in service insurance help the employee?

  • Offers a lump sum benefit up to 4 times final earnings
  • Tax free lump sum
  • Not a taxable ‘benefit in kind’
  • Simple set-up and administration

Contact us to find out more.

Tel: 01332 548100
©2021 Create Financial Management LLP

Legal Status Create Financial Management LLP is an appointed representative of TenetConnect Ltd, which is authorised and regulated by the Financial Conduct Authority. TenetConnect Ltd is entered on the Financial Services register ( under reference 149826. Create Financial Management LLP is a Limited Liability Partnership. Registered in England. LLP no. OC305811. Registered Address: York House, Stephensons Way, Wyvern Business Park, Derby, DE21 6LY The guidance and/or advice contained within this website is/are subject to the UK regulatory regime and is/are therefore primarily targeted at consumers based in the UK.
Coronavirus (COVID-19)We continue to deliver an uninterrupted service whilst adhering to government guidelines and protecting our clients, employees and family members.

Our employees and advisers are equipped to work from home and we will continue to work ‘normally’. Our office is Covid secure and remains open for post, phone messages and client meetings by appointment. During this time, most meetings will be undertaken by telephone or video call.

Please feel free to contact your adviser by mobile or email if you need any help or advice.