Paying for extra life cover
The standard life cover cash sum payable if you die in pensionable service is three times your pensionable earnings (ignoring the two levels). If you can confirm you are in good health, you can choose to pay more into the plan towards extra cover, up to a total of eight times your pensionable earnings. (You have to choose a whole multiple – for example, you cannot have cover of 5½ times your pensionable earnings).
You will be sent a form and the current rates for the different levels of cover, when you join the plan.
You have the opportunity to change your level of life cover once a year, in October (starting October 2009).