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Additional death benefits

Another form of AVC from Prudential...
The minimum amount you can take out is £5000, and the maximum amount you can take out is twice your pay. You can also take out cover to provide dependants’ pensions (rather than a one off payment). In this case Prudential will check the limits for you.

For AVCs and Additional Death Benefits please call Prudential on 0845 607 0077.

* Click here for the Prudential website External link

Additional death benefits
How much does it cost?
This depends on your age, whether you are a man or a woman, and how much cover you want.  But as an example, a 36 year old man or woman can get £20,000 worth of cover for just under £15 a year after tax relief.

The cost actually goes up in three year age bands. As you move into the next age band, you can either pay a higher premium, or keep paying the same, and have less cover.

How to pay
Paying the premiums couldn’t be easier as the money is taken straight from your pay. What’s more, if you are a tax payer, you will automatically get tax relief through your pay.

Payments can begin whenever you like, and end any time before you retire. But remember, you are only covered while you are paying the premiums. Also this is simple life cover only, and only pays out if you die.

* Click here for an example & table of costs
* Topping up benefits in general

Pensions Office, Concord Suite, Manchester Road, Droylsden , M43 6SF Helpline: 0161 301 7000 Email Us: mail@gmpf.org.uk