Group life insurance
The Police Association represents the professional and industrial
interests of its members. But it also provides an extensive range
of services.
One significant service, introduced in the early 1990s, was the Group
Life insurance plan. Membership of the association automatically includes
coverage by the scheme.
The current benefit-on-death amount is $100,000; and the policy covers
association members on and off duty 24 hours per day, seven days a
week – irrespective of the cause of death.
The entire Group Life insurance premium is reflected in members’
association subscriptions and included in their annual taxation receipt.
This premium is entirely tax deductible.
It is very important for members to keep their beneficiary form up
to date so that, in the event of death, the benefit is paid to their
nominees without delay. Forms were sent to all members with their
tax receipts in early July 2004.
You should contact the association if you require a new form, or
to check that your existing beneficiary form is up to date.
This scheme is a great example of what can be achieved when we act
collectively.
