It refers to putting personal life cover under the expenses of company. Assuming that your life cover is presently being paid from your bank account, you are making the payment from your take-home salary and if it is paid from the account of
your business, it will be paid in form of income. Special benefits, especially tax efficiency, are provided to employees and directors of small businesses by Relevant Life Plan.
Although the cover is seen as personal by you and your employees, the policy comes in form of the expense of a business; hence, tax can be deducted. In case your business is not qualified for a group life scheme, RLP is a good way to save cost while providing life cover for your employer. The tax benefits offered to both employees and employers by relevant life policy include:
Your own Relevant Life page can be assigned to you by Specialist for Protection, with authority from the FCA, to help you market it to your affiliates, members or clients and this is done for an important reason. Income can be generated through this while your referrals or clients can also enjoy tax savings.
After contacting us, we are going to set up your personal website and a suitable marketing campaign Then you need to start getting referrals.
Relevant Life provides lots of opportunity to ensure tax-saving and easy-to-use life insurance product that can help in providing real values to employees and directors of Limited Companies. The trust associated with the opportunities of tax-saving, cost efficiency and writing of the policy ensures that this offer is hard to turn down.
Quotes shown are for a 40 year old male who doesn’t smoke. Policy is £100,000 life insurance cover for ten years with a fixed premium. Example is for illustrative purposes only and was correct on 21/11/2016.
The most common form of protection, ordinary term life cover pays a lump sum to your family if you die within a certain time-frame. Most policies will also pay-out if you’re diagnosed with a terminal illness and have less than twelve months to live
Critical Illness Cover provides a cash lump sum if you suffer from a range of serious conditions within a set time-frame. The money is normally used to pay the bills and provide financial security while you’re on the road back to health
If something serious happens to stop you working - for months, years, or even for life – you’ll want to know you have financial security and that the bills are paid. Income Protection gives you just that, paying a percentage of your income all the time you’re unable to work.
The NHS is groaning under the weight of the UK obesity crisis and newer, more effective medical treatments for a range of illnesses often aren’t available. Private medical cover makes ‘going private’ much more affordable – giving you access to more treatments, shorter waiting lists, and first-class care.
Most company directors are savvy enough to have life insurance, but very few realise they can save up to 53% by taking advantage of a Relevant Life plan.
Group Life and / or Health Cover is the most cost-effective way to provide peace of mind and financial security for the families of your employees.
Key Person Insurance - often called Key Man Cover - is an insurance policy bought and owned by a business to protect its own interests. Cover is provided in the event that an important staff member is suddenly unable to work through critical illness and/or death.
Shareholder Protection Insurance is designed to give you peace of mind in the event that a shareholder in a Limited Liability Company, a member of a Limited Liability Partnership (LLP), or a partner in a partnership dies or is diagnosed as critically ill.
Try our FREE calculator and see how much you could save