In addition to your individual retirement account, HBOS automatically provides all colleagues with free life assurance cover - whether you are a member of the Scheme or not.
This will pay out a sum of 4 times your basic salary if you die whilst still employed by HBOS.
You can let the trustees know who you would like to receive this money, but the final decision rests with them.
To let the trustees know who you would like to receive this money, just complete the Nomination Form and return it to the Group Pensions team.
