Relevant Life Plan for your business
Maximise benefits with tax-efficient life insurance
Understanding relevant life plans
A relevant life plan, also known as a relevant life policy, is a tax-efficient term life assurance designed specifically for directors and employees. It provides a death in service benefit, where the business pays premiums on behalf of the insured individual. In the unfortunate event of the insured person’s death, the named beneficiaries receive a tax-free lump sum payment. A relevant life plan offers substantial tax savings, with higher rate taxpayers saving approximately 48% and basic rate taxpayers around 30% compared to personal life assurance plans as of 22/12/2023.
Moreover, premiums qualify for Corporation Tax relief as allowable business expenses by HMRC. Additionally, there are no income tax or national insurance contributions required, providing financial advantages for both employers and employees alike.
Insuring what matters
Why choose Protectus Healthcare for your Relevant Life Plan
At Protectus Healthcare, we bring over two decades of expertise in the healthcare insurance industry. Our extensive experience enables us to offer unparalleled guidance and support, ensuring you find the right policy tailored to your needs. Our team is equipped to assist clients of all sizes, from individuals to large corporations, with the same dedication and personalised approach.
We understand that everyone’s insurance needs are unique. To meet these diverse needs, we offer a comprehensive range of healthcare insurance services designed to provide you with the perfect coverage. Whether you’re seeking private health insurance, life insurance or business protection, our goal is to secure a policy that offers you peace of mind and security.
Our strong partnerships with some of the UK’s leading insurers enable us to offer the most competitive premiums available. We conduct thorough market reviews to ensure you receive the best value for your investment. These relationships allow us to provide you with top-tier insurance options that are both affordable and comprehensive.
At Protectus Healthcare, we believe that everyone deserves access to expert advice and top-quality service. Our commitment to our clients means we’re always available, ready for a casual phone conversation or an in-person meeting over coffee. We prioritise regularly meeting with you to discuss your needs and offer guidance – at no cost to you.
