How will you cope financially if your partner dies? Does their employer offer life assurance? If not, or if they are not working, think about buying partner life assurance. This benefit pays out a tax-free lump sum in the event of your partner’s death. The level of cover you can choose starts at £25,000. You can increase the cover in multiples of £25,000 until you reach the maximum level of cover of £250,000.
At a glance
You can sign up for flexible benefits at any point during the year. Be aware that you can’t always make changes to these benefits at any time during the year, so check on the conditions when you sign up.