How savvy business owners protect their wealth
As a business owner or director, every financial decision counts.
Did you know that when it comes to business insurance there are ways to incorporate your personal insurance through your business so it's a win for you, your family and your employees? Here's how.
Relevant life insurance - a game-changer for directors
Imagine having life insurance that’s paid for by your company, reduces corporation tax, and doesn’t count as a taxable benefit. Well, that’s exactly what relevant life insurance offers.
Here’s why directors love it:
✅ Employer-funded life cover – your company pays, and it’s tax-deductible
✅ No national insurance or income tax – it’s not classed as a benefit-in-kind
✅ Your family gets a tax-free payout – meaning they’ll be financially secure
✅ Take it with you – unlike death-in-service benefits, this policy moves with you
For small business owners and directors, this is the most tax-efficient life cover option available.
Death in service - a valuable employee benefit
A death in service plan is a type of employer-funded life cover that pays a tax-free lump sum to an employee’s family if they pass away while working for the company.
Why businesses offer it:
✔️ It’s simple – easy to set up, with group life cover made easy
✔️ Employees value it – a great way to attract and retain staff
✔️ It’s tax-efficient – no national insurance on premiums, and payouts are tax-free
Which life cover is right for your business?
For directors: Relevant life insurance is the smarter choice. It’s more tax-efficient, flexible, and stays with you if you leave the company.
For employees: Death in service benefits are a great way to provide financial security and peace of mind for employees' families while keeping costs down.
✅ Give employees tax-free life cover – simple, affordable death in service plans available
✅ Protect your team with employer-funded life insurance – get a free quote today
✅ Death in service pays a tax-free lump sum – easy setup, fast quotes
See below for a quick breakdown:
The bottom line
The right business-paid life cover isn’t just about protection—it’s about making smart financial decisions.
✅ Pay for policies through your business – instead of out of post-tax income
✅ Take advantage of tax relief – and keep more money in your company
✅ Secure your family and employees – without unnecessary costs
