902Jon: agree wholeheartedly and wise words to boot.
But............
I have just discovered (as a result of the Bristow fiasco) that the insurance is taxed either on the premium or the payout. Common sense would dictate that 40% on say a £1700/annum premium is better than 40% on a £200,000 pay out!
But paying tax on £1700/yr is always going to bite hard, if you think you may never have to claim. Rock and a hard place I suppose.
Out employer (police) has just realised that they might have to pay back tax on these premiums for the last 6 yrs! But from now on...it's down to the employee as a company perk.
Still waiting for the final word from the Inland revenue..........