In the event of your death, financial support may be a significant issue for your family. Mortgage payments, day-to-day living expenses, credit card bills and so on, will still have to be met by those you leave behind. This is why the benefits of the NFVSP Group Life Plan are so valuable for NFVSP employees.
If a member of the plan dies, a lump sum of 3 times annual salary will be paid.
If a member of the plan is diagnosed with a terminal illness where death expected within 12 months, an advance payment of 25% of the Member's Benefit will be paid.
Cornmarket and the NFVSP work together to secure the best benefits for members. When it comes to cost, your membership of the plan is paid for by your employer.
The cost of the Plan is 0.43% of salary.
Cornmarket negotiate with insurers to obtain the most competitive rates and to secure the best possible benefits for members.
People are living longer, which puts more financial pressure on their retirement. For this reason, they need a level of Life Cover to make sure their loved ones are financially secure if they die and are no longer there to take care of them. The Retired Members Life Cover Plan for NFVSP Employees provides this vital peace of mind and financial security.
Find out moreThis plan is underwritten by Zurich Life. Zurich Life Assurance plc is regulated by the Central Bank of Ireland. Irish Life Assurance plc is regulated by the Central Bank of Ireland.