Relevant life & group death in service
A Relevant Life Plan is a term assurance plan available to employers to provide an individual death in service benefit for an employee. It is designed to pay a lump sum if the employee dies whilst employed during the length of the policy. It will also payout in some cases if the employee, whilst employed, is diagnosed with a terminal illness and meets that companies definition. A Relevant Life Plan is paid for by the employer for their employees.
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