Pension Life Insurance

Published / Last Updated on 17/05/2021

Pension Life Cover

Pension Life Insurance Rules – Term Assurance (PTA)

  • Under a pension’s scheme rules, life insurance can be provided to you.
  • Although many companies do not offer it anymore, you can have a policy that it just life insurance.
  • With some policies you can have pension savings and life insurance policy combined.

Tax Relief

  • Pre 6 April 2007 rules allow for tax relief on premiums, policies taken after this no longer receive tax relief.
  • Meaning that there is no advantages with taking either pension life insurance or term assurance
  • Some pension companies still may allow the arrangement of life insurance but not all will, find out which do.

Read about separate life insurance cover here.

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