Relevant Life Insurance
A cost-effective alternative to Death in Service that’s fully HMRC-approved. Reduce tax, protect employees, and enhance your benefits package
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Getting started
The Basics
Who needs Relevant Life Insurance?
Relevant life insurance is ideal for small businesses, limited companies, and high-earning directors who may not qualify for group life schemes.
What does this policy do?
It acts as a death-in-service benefit, providing a tax-efficient life insurance option for employees and directors. It can help the insured’s family by paying out a lump sum in the event of death or terminal illness during the policy term.
Why should you choose Relevant Life Insurance?
If you’re a business owner, this cover is a must-have. It demonstrates your commitment to employee wellbeing and offers a tax-efficient way to provide life insurance.
PLENTY TO SHOUT ABOUT
The Benefits
Tax Savings
Having a relevant life insurance policy in place offers a quality employee benefit at a lower cost than traditional life insurance due to tax savings.
Employee Retention
The policy is great for employee retention. It helps attract and retain top talent by demonstrating a commitment to employee wellbeing.
Save Money
This policy is exempt from National Insurance contributions, meaning both employers and employees can save on NICs with relevant life insurance.
Get your business covered
Stress-free Relevant Life Insurance starts here
1
Fill in a short form
Add some basic details into our online form to get started
2
Speak to an expert
Get personalised advice from one of our experienced advisors
3
Choose your insurer
Consider our advice, as well as your quotes and choose the insurer that fits your needs and lifestyle
FAQs
Answering your Relevant Life Insurance questions
How is this policy tax-efficient?
Employers can usually claim the premiums as a business expense, while employees avoid it being classed as a benefit-in-kind.With a helping hand along the way, we search the market for you to secure the right policy at affordable prices.
Who can take out Relevant Life Insurance?
Business owners, directors, and employers can take out this policy to cover themselves or their employees.
Is Relevant Life Insurance suitable for self-employed individuals?
No, Relevant Life Insurance is only for employers providing cover for employees.
Need help choosing your cover?
If you’re not sure which policy is right for you and your business, let’s talk. Our team of experts can help you find the type of cover that best fits your business needs.
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Get in touch
To get chatting with one of our friendly UK-based experts today, either give us a call on the number below or you can drop us an email.
