Life Cover / Assurance
Life Assurance provides a tax-free lump sum of four times your basic salary if you die whilst employed by F5.
Why is it important?
You will be automatically covered when you join F5 and if the worst should happen, a lump sum will be paid directly to your loved ones or beneficiaries. You can nominate who you wish to receive the benefits, but who receives payment is at the discretion of the trustees.
It is paid tax free and your loved ones receive the funds without the need for probate, giving them cash quickly and one less thing to worry about.
Why is Life Cover important?
Farid is in his mid twenties, living at home with his parents and with no dependents.
Tasha is married with a young family and has recently bought a new house
Mandy is married with two grown up children who have left home.
