Pension life cover
As a member on Regulations 4 you can ensure a payment from your current pensions upon your death. The saved amount is paid to your next of kin unless you have appointed a beneficiary.
You can use up to 10 % of future contributionpayments, single contributions as well as transfers. This means that the size of the paid amount depends on when you opt for the pension life cover.
The cover terminates on transfer to retirement pension, however, at age 68 at the latest.
Before the pension life cover is terminated, it is important to decide if you want to ensure a potential spouse or cohabitant with a pension.