Relevant Life Cover

Relevant Life Plans allow you to provide employees (including directors) with tax efficient death in service benefits without the need for, or alongside, a pension scheme.

Relevant Life Plans can be particularly beneficial for small businesses that don’t have enough eligible employees to warrant a group life scheme. They can also be attractive for high-earning employees or directors who have substantial pension funds and don’t want their benefits to form part of their lifetime allowance, and for members of group life schemes who want to top up their benefits.

It can be arranged to provide a lump sum if the employee dies or is diagnosed with a terminal illness.

Some of the benefits of Relevant Life Cover

  • Provides valuable Life Cover for an employee and their family.
  • 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.
  • The cost of the plan is normally an allowable expense for the business meaning the business gets tax relief on the premiums paid.

We can also help you with:

Life Cover

Life insurance can be a great way to help protect your family financially,

Critical Illness Cover

Critical illness insurance, otherwise known as

Income Protection

Income protection insurance is a long-term insurance policy designed to help you

Family Income Benefit

Family income benefit is designed to pay a regular income if you die.

Building and Content

Home insurance protects you from insured events that damage your home or your belongings.

Private Health Insurance

Private Medical Insurance (PMI) is designed to cover the cost of private medical treatment

Relevant Life Cover

A Relevant Life Plan is a term assurance plan available to employers

Business loan protection

Business loan protection provides a lump sum for businesses

Key person protection

When a key person in a business dies it can have a devastating financial effect.

WILLs and Estate Planning

The vast majority of people put off making a Will for a variety of reasons,