Relevant Life Cover – What You Need to Know

11th July 2019 / in Contractor Mortgages & Protection Blog / by Gordon Hunter, MD

Relevant Life Cover is a tax efficient way for an employer to provide their employee(s) with life cover benefits. Relevant Life Cover may be suitable for:

  • Employers who do not have enough employees to qualify for a group scheme but still want to provide their employees with protection of this type.
  • Both directors and employees can have Relevant Life Cover. But whilst both are eligible a business could chose to offer this only to the directors.
  • High earning employees with substantial funds may not wish their death in service benefits to form part of their lifetime allowance, which will not happen with a relevant life plan under current legislation.

Contractors are not covered by workplace insurance like full-time employees, so it’s important to have relevant life cover in place as part of your contractor mortgage.

To request a quote for Relevant Life Cover – fill in our online enquiry form or freephone 0800 211 8700.

Click on the infographic below for a larger image.

Super Relevant Life Cover for LTD Company Directors

To request a quote for Relevant Life Coverfill in our online enquiry form or freephone 0800 211 8700

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