Relevant Life Plan Cover

Directors and employees 'death in service' lump sum insurance payouts.

Relevant Life Cover

Case Study.

In 2010, Dezines Internet Solutions Limited - a busy design agency in Newport, South East Wales, obtained a small business loan of £25K from one of the leading banks. A requirement to secure the loan was that the Managing Director took out insurance cover from the bank for death and critical illness. The policy was both expensive and had a low ceiling of cover.

About a year later and by chance, the MD at Dezines met with a Business Protection and Mortgage Adviser from Openwork and explained the situation with the bank. The Adviser looked at the policy information and truly believed there was a '0' missing off the cover amount provided. The Adviser saw the level of cover was insufficient for the premium being paid and as a result recommended a Relevant Life Plan.

When the MD at Dezines saw the difference between the bank's policy and the tax efficient policy from the insurance brand - there was no hesitation committing to the Relevant Life Plan arranged by the Adviser and underwritten by the insurance brand. One of the attractive elements of the RLP policy to the MD apart from the significantly higher cover for a lower premium, was that beneficiaries could be named in the trust and allocated varying amounts of the insurance payout on 'death in service' with or without a will in place.

The Managing Director at Dezines still has the Relevant Life Plan in place and continues to enjoy the 'peace of mind' that this type of insurance cover provides.

The insurance cover has tax efficient benefits because the policy is paid for by the business for the employee(s), although the policy is personal to the named individual. However, despite this, it currently remains tax deductible and doesn't count towards any annual tax or pension allowances.

Did you know there are a range of Relevant Life Plans including one's which provide incentives to stay healthy.

Read More: Relevant Life Cover

If you are interested in more information about Relevant Life Cover - please use the secure form below and we will contact you within 24 hours. We will discuss making arrangements for a selected Financial Adviser to connect with you. We do not provide advice ... we merely ensure your Personal Information is correct and that you wish to have a quality interaction with a Financial Adviser:

Captcha Image

Data Protected by 256 TSL Bit Encryption.
Trusted Xperts Limited is registered as a Data Controller in accordance with the Data Protection Act 2018. Information on this form will only be used to resolve your query and not for marketing purposes.

To search for a selected Trusted Xperts Partner Financial Adviser, Accountant or Law Firm in your area, simply visit the Trusted Xperts UK Map page and zoom in to your area and click the pin of interest, or select the Partner Type in the drop down menu options below. Increase accuracy by selecting your County or use your postcode.

Alternatively, if you prefer to speak with us in complete confidence, please Contact us using our secure enquiry form below, and Trusted Xperts Limited will get back in touch.

Please note - Trusted Xperts are not authorised to give advice. We will only confirm your details and purpose and with your consent, pass your Personal Information over to a selected Trusted Xperts Partner. Telephone calls may be recorded.

View Services ...

why choose Trusted Xperts?

Through one powerful and secure web portal, Trusted Xperts makes it easy for you to connect with selected Trusted Xperts Partner Financial Advisers, Accountants and Law Firms in your local area.

Trusted Xperts Partners across the UK meet our high standards and have passed our diligence checks, and in our professional opinion, represent some of the very best British firms, that can offer you high levels of customer service excellence and professional advice, matched by great products and services, at prices that are fair and transparent. That's our promise.

contact us

Please complete the secure general enquiry form below to get in touch. If you prefer please use our SECURE Contact page where you can opt in to our marketing newsletter. The internet is not a secure medium and the privacy of your data cannot be guaranteed. We do however take every care to ensure your data is protected by 256 bit TSL encryption. Our website and platform are GDPR compliant. Please view our Privacy Policy to learn how we handle your Personal Data.

If your enquiry is a general enquiry - you will be contacted by a member of the Trusted Xperts team. If you submit a Trusted Xperts Partner profile contact form - you will be contacted by them.


  Call Us Now

0333 444 5 800

 Address Location

4 Factory Road, Newport, NP20 5FA, Wales.
View Map

Connect with us