Cookie Use

Drewberry™ uses cookies to offer you the best experience online. By continuing to use our website you agree to the use of cookies. If you would like to know more about cookies and how to manage them please view our privacycookie policy.

Is Group Life Insurance the same as Death in Service?

I’ve recently changed jobs and my new employer has said they’ll sign me up for the company life insurance plan. I’ve had Death in Service cover in the past from a previous employer, but is Group Life Insurance the same as Death in Service cover?

Question asked by James Ross

Yes, Group Life Insurance is the same as Death in Service cover. They’re different names for the same product.

Group Life Insurance offers a company’s employees Life Insurance paid for by the business. Should you pass away while in employment with the company, your loved ones will receive a cash lump sum.

Although Death in Service cover sounds like you have to be at work for the policy to pay out, this isn’t the case. You do have to be employed by the company paying for the plan when you pass away, but your death can occur anywhere – at home, at work, or even in some cases abroad depending on the location and the policy’s terms – and you’ll still receive a payout.

The payout for Company Life Insurance or Death in Service cover will be set by your company at a multiple of your salary. Most companies choose to offer a level of cover at 3-4 times annual salary, but up to 10 times annual salary is permitted by most insurers as standard.

Good interaction between client and advisor. Drew knew his brief; articulated and explained the issues clearly and answered questions fully. This all helped me clarify what I wanted and so we agreed on our action swiftly. I am a very satisfied client. Thank you.

Ronald Lofkin
Compare Top 10 UK Business Insurers
Takes approx. 60 seconds

Or call us on 0208 432 7333

Compare Top UK Insurer Quotes Logos
Contact Us
Head Office & Pensions and Investments
Millennium Bridge House
2 Lambeth Hill
Personal Insurance & Accounts Payable
Telecom House
125-135 Preston Road
Drewberry London Office MapDrewberry Brighton Office Map
Our Core Principles
  • 1You Come FirstWe are a client focused business who always aim to put you first.
  • 2We are ExpertsTo provide you with the best advice, we need to know our stuff!
  • 3We are HumanWe are real people with feelings who are here to help you.
  • 4We are ProfessionalProviding a 5-star service requires a professional approach to everything we do.
  • 5We are here to EducateWe don't believe in sales, we are here to educate so you can make informed decisions.