Are you a Director, save up to 52% on your premiums?
Company Directors paying 40% personal income tax would save up to 52% on their life assurance premiums if their policies are structured correctly by their financial advisor.
Relevant life can also provide life cover for employees of a business.
What is Relevant Life Assurance
Relevant life is a tax efficient protection plan and the cover is no different to a “normal” life assurance plan in so much as it pays out a tax free lump sum if the person covered dies or is diagnosed with a terminal illness that meets the insurers definition. The only effect you will see is that it will cost you significantly less.
It allows companies to offer Death-in-Service benefits to their employees. The policy is paid for by the employer and counts as a tax-deductible business expense.
How can you take advantage of these savings?
There are lots of life assurance providers in this market but it is important that you talk to an independent specialist like Verve Financial Solutions, any provider would only be able to provide information on the product they offer and this may not be the most suitable for you.
All our advice and services are free. We will research all the UK’s best insurance providers and provide you with tailored advice.