Teachers - Life Assurance?

[jim]

In a similar way to a lot of private sector employees getting life assursnce through their employers compensation package, do teachers have any such protections or must they set up their own life assurance policy themeselves?

Do Teacher's pension contributions cover off anything like this?

Do Teacher's spouses have any protections?

Sometimes the life assurance policy, through private sector employer, protects spouse in the event...3 X salary or something.

 

[Ravima]

Best to take out life assurance, with each spouse insuring the other. Hubby insures wife and wife insures hubby. That way, in the event of a death, the money goes straight to survivor and is NOT part of the estate.

If teacher is paying into the widows and orphans, then there is a benefit to widow and orphans in the event of a death.

If teacher has the salary protection scheme, it provides a death benefit.

You'll do better if you take out straight term life assurance. Term means that the policy is valid for a defined period of years.

LABrokers, often on this site, do fantastic deals. I have no interest in them, save that I have taken out policies through them!

 

[Protocol]

Yes, all public servants have Death in Service benefit as part of their pension.

Min payout is 1x salary.

Max is 1.5x salary.