If something were to happen to you or one of your employees, would the families and beneficiaries be financially secure? A relevant life policy is a way of providing death in service benefits on an individual basis no matter how small your  business is.

How can a relevant life policy help you?

If you are a business owner or self-employed and wish to provide the benefit of life insurance in a tax efficient way for yourself and / or a handful of employees, you may wish to consider a relevant life policy.

Benefits of Relevant Life include:

  • Lump sum on the death (or diagnosis of a terminal illness) of the person insured
  • Premiums classed as business expense, therefore benefit from corporation tax relief
  • Paced in trust for beneficiaries, therefore remains outside the estate for inheritance tax purposes
  • Does not count towards the Pension Lifetime allowance
Questions to consider
  • Who does your business rely on for contribution to turnover, client introductions, operations management?

  • With the ongoing epidemic, would your business be affected if a key employee were taken ill or even worse?

  • What plans do you have in place if this were to happen?

  • In view of the difficult economic climate, would you be able to retain clients / keep employees motivated / repay loans?

  • How would you keep control of your business if something happened to one of your partners?

  • Is any debt adequately covered should the worst happen?

  • And what about the families… can they maintain their standard of living without support from the business?

Quick Contact

James Porter

Head of Business Protection

Email James

Quick Contact

Quick Contact

Cate Mason

Client Executive – Business Protection

Email Cate
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I always appreciate how quickly you all respond to our questions

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Vicky E

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The best… very thorough… you will like the way they work.

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Charles M

Client

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Thank you so much for dealing with this so quickly and efficiently. What a rare pleasure it is to come across someone who gets things done without any fuss!

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Mr P

Private Client

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Thank you so much for dealing with this so quickly and efficiently. What a rare pleasure it is to come across someone who gets things done without any fuss!

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Mr P

Private Client

Contact our team to discuss your needs.

We’d love to hear from you!