Death in Service
Death in Service
Death in service cover is a benefit offered by employers to help them attract and retain good staff. It provides a tax-free lump sum usually between 3 – 5 times final salary to an individual nominated by the employee upon their death.
Whilst any payout cannot be earmarked to pay a specific debt like a mortgage, it may be used to pay off, or significantly reduce a mortgage or loan. First Mortgage Solutions advisers have worked with many employers to help them create attractive financial benefits packages for their employees and death in service is the primary choice.
Is death in service the same as life insurance?
How much is a death in service payment?
Do you get taxed on a death in service payment?

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Securing the present. Protecting your future.
First Mortgage Solutions was founded in 2008 with a clear vision that we still carry; to make the mortgage and protectin process as painless as possible, by providing clear guidance and information to our clients throughout – from when their mortgage or insurance policy is taken out, through to full term or renewal.
We are independent and are directly authorised by the Financial Conduct Authority (FCA) which assures our clients that we have no network or product restrictions, and we also have a in-house compliance team that ensures our advisers are always supported and able to give first-class advice.