Consumer > Individuals > Protection benefits
Protection benefits
You can't predict the future - but you can protect yourself against some of the financial uncertainties.
You can protect your family or dependants in case you die before you start receiving an income from your pension.
Life cover
If you die before you start receiving a regular income from your pension, your spouse, civil partner or dependants can receive the value of your Pension Portfolio at the date of your death as a lump sum. This is normally tax-free.
For additional peace of mind, you may also be able to add life cover to your Core Investments. This will pay out, as a lump sum, either the value of your Core Investments at the date of your death plus an amount selected by you (additional life cover), or the greater of an amount selected by you and the value of your Core Investments (inclusive life cover).
Extra life cover is only available if all payments to your plan are made by your employer.
