Relevant Life Insurance

We provide leading Relevant Life Insurance advice nationwide.

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relevant life insurance

How can Relevant Life Insurance help your business?

As a salaried Company Director, you can pay for life cover, death in service, through your business as a business expense. The benefit of this is that you will save tax and National Insurance on the premiums as they are paid from the business rather than your net income.

This type of plan is a useful way of taking life assurance for family protection as the plan would be written in trust for your beneficiaries and therefore on claim the proceeds would not form part of your estate on death.

You can have any amount of cover between 1 x and 30 x income or a set amount. The policy can have a term to your anticipated retirement age or a maximum age of 75.

Fastest Solution

3 Easy Steps To Get Covered

Book An Appointment

First thing first, contact us to get an appointment booked with us.

Appointment

On the appointment we will conduct what we call a fact find, taking all the required information from yourself to create a tailored package to meet your needs for you and your business.

Application Completion

Once we have discussed a package and you are happy to go ahead, we will then do all the heavy lifting and begin the application process to get you and your business covered.

Why should I get Relevant Life Insurance?

Should you stop trading your business the policy can be assigned to you and you can continue to pay the premiums on a personal basis. This way you do not lose the cover and the premium will not change.

Six reasons why Relevant Life Insurance can save you tax.

1. You instantly save tax by the business paying the life cover premium

2. It is not treated as a benefit-in-kind, the premium is not included as a P11D benefit

3. Premiums are not subject to National Insurance for the employer or employee

4. Your business can claim Corporation Tax relief on the premiums

5. Because it is placed in trust the benefit is payable tax free

6. The benefit does not count towards your lifetime allowance for pension purposes

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Frequently Asked Questions

What is Relevant Life Insurance?

Just like Life Insurance, Relevant Life Insurance will pay out in the event of a death occurring. But the added bonus with Relevant Life Insurance is that if you run your own business you can run your policy through this, creating a tax saving. 

What is Shareholder Protection?

Shareholder Protection pays out a lump sum of money to the remaining business owners to help buy the deceased/critically ill business partner out. 

What is Executive Income Protection?

Similar to a personal income protection plan, if you are unable to work due to illness or accident, Executive Income Protection plans will pay you a monthly income, but is payable as a business expense and will also protect pension contributions too. 

What is Keyman Insurance?

Also known as Key Person insurance. A Keyman insurance policy is an insurance policy that protects a business from the loss of a key individual. It covers death, terminal illness or critical illness.

How much will it cost?

Business Protection Insurance is completely tailored to you, the cost of insurance is all dependent on your budget, and we tailor all our packages to ensure they fit within your budget. 

How to book an appointment?

If you would like to book an appointment, you can contact me directly, submit an enquiry on our contact us page, or click our book an appointment button at the top of the page to book an appointment slot.

Which insurance provider should I choose?

It all depends on who is the best for you and your business needs, insurance providers don’t have a one size fits all product, that’s why it is so important to get insurance advice to be sure your protection needs are met with the greatest of standards.