Relevant Life Insurance

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What is relevant life insurance?

Relevant life insurance is a life insurance policy that a company or business can offer to its staff, employees and directors. It is arranged by the company and will pay out a tax-free lump sum upon the death of the employee.

Relevant life cover is an employee benefit that might enable smaller businesses to attract and retain staff with a tax-efficient employee benefits package.

"Although not well-known, relevant life insurance is one way of providing your staff with death-in-service benefits that also have tax advantages for the business."

The employer pays the premiums on behalf of their employee(s) and the policy is written in Trust, so that a tax-free lump sum can be paid out in the event of their death or terminal illness diagnosis.

Relevant Life Insurance - Video

This YouTube video gives further details about relevant life cover.

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