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What Does Relevant Life Insurance Mean 118 L

What does relevant Life Insurance mean?

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:

  • The company will pay the premium, so tax will be saved
  • The premium will be excluded for a P11D benefit
  • Since they are paid in form of premiums, employee and employer are not going to pay National Insurance.
  • The premiums allow your company to claim Corporation Tax Relief • All benefits paid are free of tax
  • Benefits are not regarded as part of life allowance meant for pension

The Opportunity offered by RLP

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.

  • Advertise, educate and explain to your members, affiliates or clients and make recommendation about the product. You must also provide the link to your own website.
  • Interested individuals will visit your personal website and realize what you can provide in terms of the benefits attached to Relevant Life offers after watching the video and making use of the calculator.
  • The referrals will likely call or email afterward to get advice or quote. A trained certified adviser will attend to the referrals by booking appointment, making a recommendation and finally getting a sale. Efforts will also be put into making recommendation about Key Income Protection and Persons Cover/Health Care; if sale go through on these recommendations too, you will get referral fees.
  • You get 10% of commissions received from payment made by each referral every month in arrears. You also have the opportunity of receiving 5% of the value of referrals generated by any affiliates, provided the affiliates sign up through you.
  • A partner login can also be made into your portal to evaluate the stage and value of the campaign of each of your client. This is an added advantage.
  • You can begin the process of creating your own referrals with little effort as product literature, account manager and marketing pack (that has emails and an instructional guide) will be assigned to you.
  • What is the expected value of referral fees? Having referred eight clients last month, our newest introducer, who has only done little campaign on LinkedIn, has made a total of £2500.

What are the next steps to take?

Call Specialist for Protection on 01243 219190 or send email to This email address is being protected from spambots. You need JavaScript enabled to view it. to get more on the opportunities available
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.

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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.

FREE impartial advice from the experts

  • Life Insurance

    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

    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

  • Income Protection

    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.

  • Private Health Insurance

    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.

  • Relevant Life Cover

    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 & Health

    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 Man Cover

    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

    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

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