YOUR GUIDE TO MY CHOICE - HSBC careers site
YOUR GUIDE TO MY CHOICE - HSBC careers site
YOUR GUIDE TO MY CHOICE - HSBC careers site
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10<br />
FInanCe & PROteCtIOn<br />
lIFe aSSuRanCe – FOR Me<br />
Provider: <strong>HSBC</strong> life (uK) limited<br />
•<br />
•<br />
•<br />
do you have life assurance from another source? If you do, does it provide a<br />
sufficient level of insurance?<br />
do you have dependants to protect if something were to happen to you?<br />
do you have any debts that might become someone’s responsibility if you<br />
were to die?<br />
life assurance – for Me provides a lump sum payment if you die while you are an eligible<br />
employee of <strong>HSBC</strong>. For most employees, this is currently provided through your pension<br />
scheme. through My Choice, most employees have the opportunity to change the level<br />
of lump sum life assurance that would be paid in the event of death while still employed<br />
by <strong>HSBC</strong>.<br />
eligible employees under age 75 can select to change their level of cover in units<br />
between two and ten times pensionable salary. You cannot choose to increase your life<br />
assurance cover if you are over age 65. Please refer to the online Benefits Guide for<br />
further information.<br />
lIFe aSSuRanCe – FOR <strong>MY</strong> PaRtneR<br />
Provider: <strong>HSBC</strong> life (uK) limited<br />
•<br />
•<br />
•<br />
does your partner have life assurance from another source? If they do, does it<br />
provide a sufficient level of insurance?<br />
does your partner have dependants to protect if something were to happen to<br />
them?<br />
does your partner have any debts that might become someone’s responsibility<br />
if they were to die?<br />
life assurance – for My Partner provides a lump sum payment to you if your partner dies.<br />
this benefit is to assist you and your family at a time of need. Please note that you cannot<br />
cover your partner if they are also employed by <strong>HSBC</strong> at the date you make your choices.<br />
If they require life assurance cover under My Choice, they should select their own cover<br />
under life assurance − for Me.<br />
You can choose cover for your partner in tax-free units of £25,000. the maximum amount<br />
of cover is £250,000.<br />
For more inFormation please visit<br />
www.myreward.staFF.hsbc.co.uk
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