Relevant Life Policy
A relevant life policy is an alternative way for an employer to set up life cover for an employee in a tax efficient manner without using a registered death in service group life scheme to benefit the employee’s dependents.
It is set up on a single life basis and is suitable for small businesses that might not normally be able to access this type of death in service cover. It has become increasingly popular with owners and directors of limited companies
The plan will have no cash in value at any time and will cease at the end of the term. If premiums are not maintained, then cover will lapse.
WE ARE HERE TO HELP.
Why wait, call us now to speak to our team of experienced and qualified staff. We are on hand to provide instant and up to date advice in an impartial manner.
