The BlueSky Life Assurance Trust
The BlueSky Life Assurance Trust (TBLAT) has been developed by BlueSky, the market leaders in DC innovation.
TBLAT has been written under Trust, meaning the benefit can be paid directly to a beneficiary upon death, rather than to the Estate and will therefore not be included when inheritance tax is calculated. Payment to beneficiaries is also likely to be more time efficient, as it will not go through probate.
TBLAT provides the opportunity for any employer that is actively participating within The BlueSky Pension Scheme (TBPS) to offer their staff an additional occupational benefit that can make a real difference to people’s lives and in addition, can prove to be a genuine incentive when it comes to future recruitment.
The benefit will result in employees being able to live and work in the knowledge that if they were to pass away unexpectedly during employment, their loved ones would be financially secure for the foreseeable future.
BlueSky have teamed up with one of the UK’s leading insurance providers to ensure that the rates on offer under TBLAT are as competitive as possible and with the management, administration and governance all being provided by BlueSky, clients can be assured that everything is being taken care of on their behalf by a practiced team of professionals.
If you wish to learn more about the benefit, then please feel free to apply via the link below.