Relevant Life Policy - Tax Efficient Life Insurance

A Relevant Life Policy is a tax efficient life insurance policy for employee's within a company.

Much Like a death in service policy a relevant life policy is where the company pays the premiums but benefits are paid to the employee's dependants. As with normal life insurance a relevant life policy is set up on a single life basis and is suitable to small business's who might not normally qualify for death in service cover.

Obvious advantages are that premiums can are paid from the company and not from the employee's taxed income. Savings can be quite substantial. Please call us or fill in the enquiry form with the life assured details for a quote.

Although relevant life insurance is quite new, its possibly going to be very popular once people and companies start to see the possible savings.

Please note you should speak to a qualified tax advisor for more information on tax and relevant life policies.

Why Relevant Life Insurance

There are lots of savings to be made with a relevant life policy. Even if the new policy as a premium is more expensive, there are still possible big savings to be made by taking out a new relevant life policy. Check out this relevant life policy calculator to work out the possible savings you could make by taking out relevant life insurance. For those people who are directors of their own company and already have life insurance, it may be a good idea to look at the savings you could make with a relevant life policy. Your company could be paying the premiums for you out of the company pre-tax profits rather than out of your taxed wages. Offering to set up a relevant life insurance for your employee's could also be a great benefit for employee's saving them money too. Unlike death in service a relevant life insurance is not linked to the amount of money an employee earns and can be set up for any amount. Relevant Life Insurance is a life only products and does not include critical illness. Please feel free to speak to one of our qualified advisors for more information on relevant life insurance or fill in your details on the right hand side and someone will call you back.

At mykeymaninsurance.co.uk we also offer shareholder protection and key man insurance as well as term life insurance, critical illness insurance and whole of life insurance. If you are a shareholder or you run a business it would be important to look at the possibilties of adding these types of insurance. Please speak to one of our advisors who will be able to talk you through the different insurance policies we can offer.