This type of specialist policy provides a lump sum payment to the employee’s beneficiaries if the employee dies while employed, similar to group life assurance but tailored for small businesses or high-earning employees.

Relevant Life Cover is highly tax-efficient. Premiums paid by the employer are usually treated as a business expense, deductible from corporation tax. The benefit is typically free from National Insurance contributions for both the employer and the employee, and the payout is generally tax-free for the beneficiaries.

We simplify the process of setting up these policies and ensure the best value through access to multiple providers.