A Relevant Life Cover policy is a life insurance policy that covers an individual for ‘death in service’ whilst in employment or as a director. As a term assurance plan, it pays a lump sum to named beneficiaries (even where there is no will), if the individual becomes terminally ill or dies during the term of the plan.
Relevant Life Cover is a life insurance policy, except it is a tax efficient alternative ideal for businesses, that gives a valuable 'death in service' benefit for directors and their employees.
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.
The business pays the policy premium, but the sum assured goes directly to the named beneficiaries, and this is because the policy is 'written in trust', a legal document which states exactly where the money should be allocated in the event of the 'death in service' of the individual concerned. This prevents the sum assured from becoming part of the deceased's estate and is therefore not subject to Inheritance Tax.
There are a range of relevant life policies available including those which provide incentives to stay healthy.
Case Study: Relevant Life Cover - High Earner
Case Study: Relevant Life Cover - Design Agency
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.
Trusted Xperts conduct random compliance checks on our Trusted Xperts Partners to ensure that they are maintaining our high standards.
Not satisfied with a Trusted Xperts Partner? Please visit our Complaints Policy page, where we explain what we can do to assist you. Where complaints are upheld and warrant serious action, we will remove any Trusted Xperts Partners that have failed to meet our high high standards.
To search for a Trusted Xperts Partner Accountant, Financial Adviser or Law Firm in your area, simply visit the Trusted Xperts Partner Search page and zoom in to your area and click the pin of interest, or search for a Partner in the Search Box below and our powerful Search App will assist you.
Alternatively, if you prefer to speak with us in complete confidence, please Call us using or use 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 enquiry purpose and with your consent, pass your Personal Information over to a selected Trusted Xperts Partner. Telephone calls may be recorded.
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.
We have received your Contact Form enquiry and would like to thank you for your interest in Trusted Xperts - it means a great deal to us.
One of our Customer Care Team is currently dealing with your enquiry. Where appropriate we will liaise with your local Trusted Xperts Partner to deal with your enquiry.
We aim to respond as quickly as possible, however, if your inquiry is urgent and you need to speak to us then please call our Newport office on 0333 444 5 800 to talk to a member of our dedicated Customer Care Team directly.
We look forward to speaking with you soon.
Kind regards.
Trusted Xperts Limited
Sorry, there appears to be an error sending your message.
Please try again. if the problem continues - please consider calling us on 0333 444 5 800 (our UK local rate number). Thank you.
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.
Information on our website is subject to UK regulatory compliance and is therefore targeted at UK consumers. Registered in England and Wales. Company Number: 8391687. We are Data Protection Act compliant Licence Nos: ZA238303. Trusted Xperts Limited
(FRN: 808636).
The content of this website does not constitute financial advice and is provided for general information purposes only. We make every effort to ensure that information and material on this website is accurate and up-to-date. However, errors and omissions may occur and you should not take the accuracy of the information and material for granted, or rely upon it as a statement or representation of fact.
Thank you for subscribing to our Newsletter ... we very much appreciate it.
We never share your Personal Information and you can unsubscribe at any time. Further information can be found on our Privacy page.
Kind regards.
Trusted Xperts Limited
Sorry, there appears to be an error subscribing.
Please try again later. If you continue to experience difficulties - please contact us.
Copyright © 2024 Trusted Xperts Limited. All Rights Reserved
Built | Managed | Powered by DEZINES