top of page
Relevant Life Insurance
Compare Cover Options And Protect Your Business Today
What Is Relevant Life Insurance?
A Relevant Life Plan offers a cost-effective way for an employer to arrange term assurance on the life of an employee, including directors.
It's designed to pay a lump sum benefit payable to the employee’s family if the person covered dies or is diagnosed with a terminal illness, whilst employed during the term of the policy.
Benefits Of Relevant Life Insurance
Tax efficient, non-taxable benefit for the employee and is usually paid without any Inheritance tax. It also doesn’t form part of their annual or lifetime allowance for pension benefits.
Cost efficient, the cost of the plan is normally an allowable expense for the business meaning the business gets tax relief on the premiums paid.
Providing a relevant life policy as part of an overall benefits package can make your company more attractive to potential employees, can help to retain and reward existing employees.
bottom of page