Here is a brief overview of how a Relevant Life plan works. For no-obligation advice on getting the right cover for you circumstances, get a free consultation with Martin, who will listen to you and get you sorted.
A Relevant Life Plan is a term assurance plan available to employers to provide an individual death in service benefit for an employee. It’s designed to pay a lump sum if the person covered dies or is diagnosed with a terminal illness whilst employed during the term. A Relevant Life Plan is paid for by the employer. If you are the only person in your Ltd company you can take out a Relevant Life Plan for yourself and claim corporation tax relief on the premiums.
Comparing the cost of a life policy to a Relevant Life Plan.
*An employer who wishes to treat Relevant Life Plan premiums as an allowable business expense should speak to their accountant, who may wish to liaise with the employer’s local inspector of taxes.
This example is fictitious and provided for illustration purposes.
Book a free consultation with Martin
What our customers say
"They followed the process through all the way and their understanding of providers, risk, appetite and underwriting processes meant that we were able to achieve our goal...peace of mind."
– Ruth Badger | Ruth Badger Consultancy
"Martin can offer tax efficient routes to protect your assets, your business and your family. He is trustworthy and friendly. I would recommend him most highly."
– Graham Davies | Davies McLennon Chartered Accountants, Chartered Tax Advisers
"Martin came to see us and we were happy with the clear and precise way he explained the policies. I would have no hesitation to recommend Martin."
– Neil Roper | Fusion Furniture Solutions
If you own a business often you are the business. Without you it will cease to function. That’s where a relevant life could be relevant to you.
How you can have share protection as a one person limited company? This is where relevant life insurance is such a fantastic innovative product.
As an Relevant Life Insurance specialist I keep tabs on the current mortality rate. I checked yesterday and it’s still running at 100%.