ZEDRA provides a flexible range of services to insurers and employers for the settlement of death-in-service claims.
As a fully independent party, we are able to assume the trustees’ responsibility for the arrangement, carry out a thorough yet sensitive investigation, determine the correct beneficiaries, and settle the benefits due.
For insurers
- We act as the trustee to the insurer’s group life arrangement
- Thorough yet sensitive investigation into the personal circumstances of the deceased at their time of death, to ensure potential beneficiaries are identified and considered
- We assume the burden of determining the rightful beneficiaries for the death-in-service benefits and ensure that the life assurance benefits are paid quickly and efficiently
For employers
- We act as the trustee to an employer’s dedicated trust arrangement
- The cover is presented and communicated as part of your employee benefit package
- You continue to use your existing insurance policy and manage reviews and premium payments
- Fully independently of the employer, we carry out a thorough yet sensitive investigation into the personal circumstances of the deceased at their time of death, to ensure potential beneficiaries are identified and considered
- We will ensure the life assurance you provide your employees is paid quickly and efficiently
ZEDRA Group Life Master Trust
ZEDRA Group Life Master Trust is designed for employers who want a simple and efficient alternative to setting up their own life-only trust for administering death-in-service benefits.
ZEDRA will assume the burden of setting up the trust, carrying out a thorough yet sensitive investigation into the personal circumstances of the deceased at their time of death, and determining beneficiaries for death-in-service benefits.
- Each employer is given their own dedicated section of the trust
- This can be white labelled, allowing you to present the trust as part of your employee benefits package
- You continue to use your existing insurance policy and manage reviews and premium payments
- We will administer the entire claims process – from beneficiary investigation, through determination, to payment