Coronavirus is in the headlines virtually every day. The latest infection and death tolls are relayed in news bulletins, alongside advice from public health organisations on preventative measures and how to contain any source of infection. The human cost is undoubtedly dire and the economic consequences potentially severe as Chinese industry in particular grinds to a halt.
In due course, similar to other flu-like viruses that have preceded it, the WHO (World Health Organisation) hopes that the threat of Coronavirus will peter out and eventually disappear – although there is no guarantee of this. But what happens in the meantime to those who have planned a business or holiday visit to China or other countries badly affected by the virus? In the worst-case scenario, what happens if they should die through contracting the illness in a foreign country?
Many of Brunsdon Financial’s corporate clients take out Group Life Cover through us. Also known as ‘death in service’, it is seen as a valuable employee benefit that pays out an amount for the loved ones of employees who die whilst covered by the policy.
In the light of the Coronavirus outbreak, members of Group Life schemes should take careful note of latest advice from the British Government. This is important because If they decide to travel to a country that the Government has specifically advised against, Group Life Cover may be voided. In other words, it may not pay out should the group member die of the virus either in the country where it was contracted or back home shortly after visiting an affected country.
Our advice is always to check with your Group Life Cover provider before travelling to any affected area, or please do contact your Employee Benefits Consultant for further advice.
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