Relevant Life Cover


Relevant Life Cover is a tax-efficient life insurance policy, allowing companies to offer a death-in-service benefit to its employees (including salaried directors). It's set up by the company and pays out a tax-free, lump sum on the death (or diagnosis of a terminal illness) of the person insured. The proceeds go directly to the employee's family or financial dependants.

Relevant life might benefit:​

  • Businesses too small for a group life scheme
  • High-earning employees who might exceed their personal pension lifetime allowance. Claims paid under Relevant Life Cover don't count towards a person's lifetime allowance unlike group life schemes

Cover features:

  • Counts as a tax-deductible business expense
  • The premiums are paid monthly
  • Guaranteed premiums
  • Benefits usually free from inheritance tax

Please remember that the value of investments, and any income from them, can fall as well as rise so you could get back less than you invest. If you are unsure of the suitability of your investment please seek advice. Tax rules can change and the value of any benefits depends on individual circumstances.

Contact Us

To find out about how we can help you manage your wealth please get in touch and we can arrange a meeting initally on Teams