Relevant life is a personal life insurance plan paid for by your business, meaning it is a highly tax efficient way to provide life cover for directors and employees. Relevant life policies provide life assurance during the term of your employment, or through to a specific age, up to a maximum age 75.
This is relevant when group death in service plans may not be appropriate for employees, such as those facing the challenges of annual allowance and lifetime allowance concerns where the group death in service scheme classifies as a registered pension scheme.
If you are looking for more information or advice on relevant life policies and personal life insurance, contact Boolers today and one of our financial advisers will be available to discuss your circumstances and provide recommendations on the most appropriate relevant life policies.
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