Complimentary Term Life Cover

What is Complimentary Term Life Cover?

LPMS provides Complimentary Term Life Cover for Principals of long-term Member Firms.

The cover is available to all current Principals of Member Firms who have held continuous professional indemnity insurance under the LPMS Scheme for at least ten years, who are under age 65 at time of entry into the Scheme, and continues until the attainment of age 70.

The Complimentary Cover provides for a benefit of $50,000 payable upon the death of the insured.