Tax efficient life insurance for directors of limited companies
Up to 49% saving compared to personal life insurance
Put the sum in trust for your loved ones
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30 DAY PRICE PROMISE
Never pay more than you need to. Complete peace of mind with our 30 day price promise to beat any like for like quote from your bank, financial advisor or quotes direct from a provider. No quibble refund of any premiums you may have paid if you notify us of your change of mind within 30 days.
UP TO 49% TAX SAVING
You can save nearly 50% in tax compared to an ordinary life policy. As we write the policy in trust you can save on Corporation Tax, Income Tax, National Insurance and also Inheritance Tax. Designed for Company Directors, High Earners and Key Staff
TAX EFFICIENT PROTECTION
Relevant Life Insurance allows employers to offer a death-in-service benefit to their employees, including Company Directors. It’s a tax-efficient life insurance policy, set up and paid for by the employer and pays out a tax-free lump sum on the death (or diagnosis of a terminal illness) of the person insured.
EASY PROCESS
Our experts will guide you through the process from start to finish
Counts as a tax-deductible business expense
The premiums are paid monthly from the limited company
Life Insurance will typically pay out a lump sum if you die or are diagnosed with a terminal illness. The money can then be used to replace lost income, pay off a mortgage or cover funeral expenses.
Not everyone needs Life Insurance but if your partner, children or a relative relies on your income to cover your mortgage, rent or living expenses then you probably want to look into it. Similarly if you are relied upon to look after your children then you may need it too as if you’re not around it could increase childcare costs or result in your partner working and earning less. These policies are usually known as Family Protection or Mortgage Protection Life Insurance.
Other people don’t want to leave their loved ones with unexpected bills should they pass away and take out protection to cover funeral expenses.
Level Term Life Insurance : Also know as Family Protection, this policy will pay out a fixed lump sum if you die during the policy term. If you do not die during the policy term then the policy will cease and you will not get anything back.
Decreasing Term Life Insurance : Also know as Mortgage Protection Life Insurance, this policy is designed to decrease alongside the balance of your mortgage and as such is usually priced lower than Level Term Life Insurance as your benefit level decreases over the term in a similar way to how the balance of your mortgage would decrease.
Whole of Life Insurance : People wanting to ensure their funeral costs are covered or need to protect a potential Inheritance Tax liability usually require a Whole of LifeInsurance policy. This protection covers you for the whole of your life meaning as long as you keep up your payments the policy will pay out in full when you die, whenever that occurs. As the pay-out is guaranteed a Whole of Life Insurance policy will usually be more expensive than term cover.
Critical Illness Insurance : Can be added on to Level Term and Decreasing Term Life Insurance for an additional cost. Critical Illness Insurance will pay a lump sum if you are diagnosed with a defined critical illness during the policy term.
In the unlikely event you find a cheaper life or critical illness insurance quote within 30 days then please contact us and we will endeavour to beat the price for you. We promise that you will not lose out financially within this time if you contact us and give us a genuine chance to retain your business. Proof of offer may be required and must be valid for 5 business days after the offer has been received by us to review. If there has been a change in your health or circumstances from date of offer that could impact policy acceptance then the Price Promise will not apply
