Click here to view the original article ‘What is relevant life insurance and should you have it?’


What is relevant life insurance?

Many small business owners would love to offer their employees or directors financial perks such as life insurance. Unfortunately, setting up a group scheme can be expensive, especially if there are not many staff.

There is an alternative in the form of a relevant life policy.

Relevant life cover is a form of death-in-service benefit that is set up and paid for by a company but pays out to a staff member’s or director’s beneficiaries on death.

It is typically used by businesses that aren’t big enough to establish a group life scheme but want to provide a perk for their directors and staff.

Relevant life insurance can also be helpful for high earning directors and staff who have made use of their pension lifetime allowance as a traditional group life scheme would count towards their retirement savings.

To continue reading this article please click here


Click here for more information