On this note incidentally, somewhat hijacking so aplogies..but can companies offer this kind of life insurance instead of access to a pension (stakeholder minimum)?
It does all really depend on what is in the contract.
When I lost my dad a few years back my mum got:
All of his pension contributions he'd made (he was 60).
2/3 of his pension (final salary) for life.
My dad worked for one of the universities in Cambridge.
I myself have a death in service scheme here at work.
If I was to die my wife would get 4x my annual salary.
So certainly enough to pay-off the mortgage etc.
Sorry for your loss - I know exactly what it's like to lose a father.
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