PTL Helps Clients Manage Death-in-Service Claims Through Group Life Master Trust

London, UK -- (SBWIRE) -- 03/01/2021 -- A Group Life Insurance scheme pays out a lump sum if an employee dies while in service. This lump sum is equivalent to a multiple of a worker's earnings. To avoid any inheritance tax implications, businesses place the policy into the trust at the outset. Insurers pay the benefit to that trust before the trust distributes it to the appropriate beneficiaries in the event of a claim. PTL is a leading provider of independent trustee services that set up group life master trusts to help clients manage death-in-service claims.