What will happen if I die but I am no longer an active member at BeFrank?

13 Sep 2017

If you no longer actively participate in the scheme at BeFrank, the insurances at BeFrank will end. If you still have any value in your pension account, your surviving dependents have the option of using that value to purchase a partner’s and/or orphan’s pension from an insurer at their discretion.
As no risk insurance applies to this any longer, the pension they can purchase will be slightly lower than the pension they could have purchased if you had still been insured/employed.