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Group Life Plan for University of Limerick members

Peace of mind for you and your loved ones

Call (01) 470 8083

 

UL Group Life Plan

In the event of death, the issue of financial support may be even more pressing for your family. Mortgage payments, day-to-day living expenses, credit card bills, etc. will still have to be met by those you have left behind. This is why the University of Limerick Group Life Plan is regarded as such a valuable benefit amongst employees.

Members’ Benefit


A lump sum benefit of 2.5 times annual salary is paid in the event of the death of a member.

This benefit is separate to the Life Cover under the University of Limerick Pension Scheme. The Plan provides this benefit up to age 65 or the date that you retire, if earlier.

 

Click 'Join Now' or call us today on (01) 470 8083.

What do I need to know?

1.Who is eligible to join the University of Limerick Group Life Plan?

To be eligible to apply for membership of the University of Limerick Group Life Plan you must be:

  1. A pensionable employee of the University of Limerick and
  2. Under age 65.

[IMPORTANT: You must remain a University of Limerick employee to remain an eligible member of the Plan. If your employment ceases you must inform Cornmarket in writing as you can no longer stay in the Plan, and your estate will not be able to claim from it.]

2. How much does membership of the University of Limerick Group Life Plan cost?

As membership is so vital, the Plan is designed to be affordable for every member. It is remarkably good value because it’s negotiated on a special ‘group basis’ for University of Limerick employees. The contribution rate is currently set at 0.53% of gross salary and, for most employees, is conveniently deducted from your salary by your employer.

3. Do I get tax relief on the contributions that I make?


Yes. You are eligible for tax relief at your highest rate on the contributions that you pay.

Click 'Join Now' or call us today on (01) 470 8083.

How to join

Applying to join the University of Limerick Group Life Plan is quick & easy. Simply complete the following steps to enjoy the security & peace of mind that the Plan provides!
 

STEP 1


Before submitting your application for membership of the Plan, we ask that you consult the Plan Booklet & the Cornmarket Terms of Business, using the links below. This is to ensure that you fully understand how the Plan operates.
Click here for the University of Limerick Group Life Plan Guide to your Benefits Booklet
Click here for Cornmarket's Terms of Business


STEP 2


Print & complete the below form

Group Life Cover Standard application form - Click here

 

STEP 3


FREEPOST your completed application form to:
Cornmarket Group Financial Services Ltd,
FREEPOST F3976,
Christchurch Square,
Dublin 8.


Friends First Life Assurance Company Ltd. is regulated by the Central Bank of Ireland.

How to Claim?

As Administrators of the Plan, Cornmarket’s role is to help guide members’ families through the claims procedure. Once notified of a member’s death, Cornmarket will send a letter to the next of kin/legal personal representative explaining the documentation that the underwriters require in order to process the Death Benefit claim, including:

  • Original or certified Death Certificate
  • Confirmation of final annual salary
  • Original or certified Birth Certificate
  • Certified copy of the Will and Grant of Probate (or if there is no Will the underwriters will require Letters of Administration)
  • Proof of ID and address for beneficiaries (requirement for Anti Money Laundering documentation).

Bear in mind that the estate of a deceased member must be processed through the Probate office (the next of kin or solicitor can deal directly with the probate service). This can result in delays to the payment of Death Benefit to the beneficiaries (anywhere between 3 months to a year or more). Once Friends First receives all the documents and information it requires, payment of the Death Benefit claim is usually made within 10 days, subject to admission of claim.

Contact Us


Phone              (01) 408 4018
Post                 SPS Claims Department
                        Cornmarket Group Financial Services Ltd.
                        Christchurch Square
                        Dublin 8