Rowanmoor launches life assurance scheme

The life assurance scheme offers death-in-service benefits and can provide cover of an amount up to the lifetime allowance, less the value of any existing pension benefits available, paid out as a tax-free lump sum on the member’s death to his dependant. The scheme gives cover up to £600,000 for people aged 18 to 50 or £300,000 for people aged 51 to 60 without underwriting if the member answers four lifestyle questions acceptably. It also offers annual renewals without underwriting and will pay premiums directly from scheme funds or via the principal employer for a SSAS. Rowanmoor ...