Relevant Life

The loss of an employee to death is never easy for businesses but it is especially hard for the family. Relevant Life Cover is a tax-efficient life insurance policy which allows companies to offer a death-in-service benefit to its employees (including salaried directors). It’s set up by the company and pays out a tax-free lump sum on the death (or diagnosis of a terminal illness) of the person insured. The proceeds go directly to the employee’s family or financial dependants. Also, claims paid under Relevant Life Cover don’t count towards a person’s pension lifetime allowance.

Yes, this is possible, and our consultants can discuss with you. We will always advise business is written in the most tax efficient way.

Your company may be too small to have a Group Life Policy. However, if you have a Group Life Policy you may be able to top up the benefits using a Relevant Life Policy.

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Want to know more? Call free on 0800 970 1618 or click on the link below to enquire online. Speak to a member of our team to see how we can tailor a package to suit your specific needs and receive a FREE no obligation quote.