Relevant Life
From explaining how it works to handling the paperwork, we’ll support you every step of the way. Whether you're a business owner or director, we’ll help you put the right protection in place with confidence.
Tax-Efficient Protection for Business Owners & Employees
Relevant Life Cover is a tax-efficient way for businesses to provide life cover for directors and employees.
It offers the benefits of a traditional life insurance policy while allowing businesses to claim it as an allowable business expense, making it a cost-effective way to protect your team and their families.
What is Relevant Life Cover?
Relevant Life Cover is a business-paid life insurance policy designed for company directors, employees, and key personnel. It provides a tax-free lump sum to the beneficiaries if they pass away during the policy term.
This type of cover is:
💼 Ideal for small businesses that don’t have a group life scheme
📄 Tax-efficient, as premiums may be treated as a business expense
👨👩👧👦 A way to provide financial security for employees and their families
🏢 Available to company directors and salaried employees
Unlike traditional life insurance, Relevant Life Cover isn’t treated as a benefit-in-kind, meaning it doesn’t affect personal tax allowances.
Who Can Apply?
✔ Company directors – Tax-efficient personal life cover
✔ Businesses – Life cover for employees
✔ PAYE employees – Not available for sole traders or partnerships
✔ Aged 18-74 – Policy must end before the 75th birthday
Why Us?
✔ Tax-Efficient Solutions
✔ Personalised Policies
✔ Dedicated Support
✔ Guaranteed to pay to correct beneficiary
✔ FCA Regulated
What Is/Is Not Covered?
✅ Conditions Covered
Policies cover:
🩺 Death during the policy term
🎗️ Terminal illness diagnosis (life expectancy of under 12 months)
👨👩👦 Tax-free lump sum paid to the employee’s family
🏥 Policies can be tailored to suit the level of protection required
❌ What's Not Covered
Like all policies, Relevant Life Cover has exclusions, including:
❌ Suicide within the first 12 months of the policy start date
❌ Providing false information on the application
❌ Failure to disclose health and lifestyle details before the policy starts
It’s important to fully disclose any medical history to ensure the policy is valid.
How Relevant Life Cover Works:
A business takes out the policy on behalf of an employee, and if the employee passes away or is diagnosed with a terminal illness, the policy pays out a tax-free lump sum to their chosen beneficiaries.
✔ Employer pays for the policy
✔ Policy is written into a trust to ensure tax efficiency
✔ Beneficiaries receive a lump sum payout upon a valid claim
As it’s set up under a trust, the payout is free from inheritance tax, ensuring the employee’s loved ones receive the full benefit.
Why Should I Consider Relevant Life Cover?
Relevant Life Cover offers a cost-effective, tax-efficient way for business owners and directors to protect themselves and their employees. It provides a smart alternative to group life cover, with premiums that may be tax-deductible and not treated as a benefit-in-kind.
Payouts are inheritance tax-free, ensuring full financial security for beneficiaries. With both personal and corporate tax advantages, it’s an excellent solution for businesses looking to offer valuable protection efficiently.
Make A Claim
If a policyholder passes away or is diagnosed with a terminal illness, the claims process is simple:
✔ Contact the insurer to notify them of the claim
✔ Provide necessary documents, such as a death certificate or medical evidence
✔ Claim assessment and approval – The insurer reviews the documents and processes the claim
✔ Receive the lump sum payout, ensuring financial support for the beneficiaries
With the right policy in place, the payout is handled efficiently, providing tax-free financial security for the policyholder’s beneficiaries.
