Change of circumstances? Are your nominations up to date?
Are you sure the right people will still benefit in the event of your death?
If your circumstances have changed - you've got married, divorced or remarried for example - are you sure the right people will still benefit in the event of your death?
Here's why it pays to check and update your nominations…
When you take out a life insurance policy, pay into a pension or make a will, you're asked to nominate a loved one who will benefit if you should die.
With longer-term plans, it can be many years since you decided who to nominate so it's important to review them on an ongoing basis, especially if there's been a change in your circumstances.
Some areas to consider could include:
- Police Pension
- Personal pension
- Workplace 'death in service' nominations
- Life insurance policies
Choose who receives the benefit of your Police Mutual plans
One of the benefits of being a Police Mutual member is that you can nominate someone close to you to get a payout if you die.
The person you nominate could automatically receive a total of up to £5,000, without filling in any extra forms. If there is money left after this, it would be settled as part of your estate.
If you haven't already nominated someone, or would like to change the person you've nominated, just fill in the form and return it to us. Even if you've got several plans with us, you only need to fill in one form.