Peak Employee Benefits Process Guide 1 | Page 15

• One flat level of benefit of between £10k and £100k per member, irrespective of earnings • Guaranteed cover for all employees or all pension members, who haven’t yet reached State Pension Age and who are fit for work on the day the membership starts • No medical underwriting forms to complete To make life simpler for you, the Unum Master Trust has been set up. All employers taking out a Unum Registered Group Life policy can use it without any additional cost to ensure they get all the tax benefits with none of the associated time-consuming and complex administration. The full terms and conditions can be found in our Life Cover User Guide. Our Registered Group Life product is written under a trust and provides a tax-free lump sum up to the Lifetime Allowance (LTA), within HM Revenue and Customs (HMRC) regulations for a registered occupational pension scheme. 15