relevant life cover

A tax-efficient way to provide your employees with life cover

Relevant Life Cover enables employers to provide a death-in-service benefit to their employees. This tax-efficient life insurance policy pays out a tax-free lump sum in the event of death, or upon diagnosis of a terminal illness.

What is Relevant Life Insurance?

A Relevant Life Plan is an economical way for an employer to establish term assurance for the life of an employee, including directors. The plan is structured to provide a lump sum benefit to the family of the covered individual in the unfortunate event of their death or diagnosis with a terminal illness during the policy term, while they are employed.

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A Relevant Life Plan is an economical way for an employer to establish term assurance for the life of an employee, including directors. The plan is structured to provide a lump sum benefit to the family of the covered individual in the unfortunate event of their death or diagnosis with a terminal illness during the policy term, while they are employed.

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What are the benefits of Relevant Life Insurance?

  • Relevant life insurance provides a cost-effective means of offering life insurance with terminal illness cover benefits to employees.
  • Incorporating a relevant life policy into your comprehensive benefits package can enhance your company’s appeal to potential employees, contribute to the retention and rewarding of existing staff, and convey a message of responsible and compassionate employer practices.
  • Relevant life insurance helps employers to reduce their tax liabilities, presenting an affordable way for smaller companies to offer competitive benefits when seeking to attract employees.
  • Premiums are typically categorised as a business expense, making them likely to qualify for allowable tax deductions.
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  • Relevant life insurance provides a cost-effective means of offering life insurance with terminal illness cover benefits to employees.
  • Incorporating a relevant life policy into your comprehensive benefits package can enhance your company’s appeal to potential employees, contribute to the retention and rewarding of existing staff, and convey a message of responsible and compassionate employer practices.
  • Relevant life insurance helps employers to reduce their tax liabilities, presenting an affordable way for smaller companies to offer competitive benefits when seeking to attract employees.
  • Premiums are typically categorised as a business expense, making them likely to qualify for allowable tax deductions.
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Edgemont Financial Services Limited / Registered in England and Wales No: 11327586.
Edgemont Financial Services Limited is directly authorised and regulated by the Financial Conduct Authority.  Edgemont Financial Services Limited is entered on the FCA Register (www.fca.org.uk/register) under reference 842215.
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