As a small business it’s important to reduce costs where possible whilst still maintaining a strong relationship with your employees, and there by your employees with your clients.
Relevant Life Insurance is the equivalent of Group Life Insurance but for smaller companies, where the company pays the premiums but the benefit is paid to the employee’s estate.
With Relevant Life Insurance, there are many great benefits for small businesses;
There is NO TAX to pay on the Relevant Life premiums!
Relevant Life Premiums are eligible for corporation tax relief
Providing cover builds trust and loyalty with your employees!
Used by employers to provide a ‘death in service’ benefit for employees, a Relevant Life Plan (RLP) can help smaller businesses retain and attract staff. This policy offers attractive, tax-efficient benefits and is a useful way for a director or shareholder to take out tax-efficient life cover.
In the event of an employee on your scheme should suddenly die, Relevant Life Insurance ensures a cash lump sum would be paid out directly to their family to secure their future, and provide financial support!
If you are a Limited company, Partnership, LLP, charity, or a Sole Trader (with employees) then this is the perfect scheme for you!
Before advising on Relevant Life, we would look at the following factors;
The number of employees you have
The type of industry you work in
The level of benefit required
This allows us to help you to make the most out or your policy!
Call us now on 0116 366 6866, or email us at [email protected] for more information!