Business protection
A tax-efficient life insurance policy arranged by a business for the benefit of an employee or director, typically paid for by the company rather than the individual.
Key benefits
What's typically included
Important to know
Every policy is different, so exact exclusions depend on the insurer and your individual circumstances. Common exclusions to be aware of include:
Common questions
Quick answers to the things people ask us most. Can't find what you're looking for? Get in touch and we'll be happy to help.
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It is typically available to employees and directors of limited companies, including owner-managed businesses with just one or two staff.
Premiums are usually paid by the company and treated as an allowable business expense, and the policy is normally written in trust so the payout is outside the employee's estate for inheritance tax purposes. Individual tax treatment can vary, so professional advice is recommended.
Relevant Life cover is tied to your employment, so it would usually end if you leave the business, unless alternative arrangements are made.
Group life schemes usually require a minimum number of employees, while Relevant Life Insurance can be arranged for a single director or a small number of staff, making it a useful alternative for smaller businesses.
Tell us what matters to you and one of our advisers will help you explore your options.