Relevant Life Insurance
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
Meet the team
Cate Mason
Client Executive – Business Protection
Read More
Read Less
James Porter
Head of Business Protection
Read More
Read Less
