Relevant Life Insurance

Relevant Life is a term for an assurance plan available to employers to provide an individual death in service benefit for an employee. It's designed to pay a lump sum if the person covered dies or is diagnosed with a terminal illness whilst employed during the term.

Paid for by the employer, it is available to directors and employers looking to provide 'death in service' benefits, but having too few employees to set up a group scheme.

Directors wishing to provide their own individual ‘death in service’ benefits without taking out a Group scheme.

Relevant Life insurance is not available where there is no employer/employee relationship, as such sole traders, equity partners of a partnership or equity members of a Limited Liability Partnership are unable to set up a Relevant Life policy. Relevant Life policies are tax efficient and as such are generally less expensive than standard life insurance policies.

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Whether you are already insured, seeking a new policy, or would like to review your existing arrangements, Applescott Insurance can offer a complete solution.

Please contact us on 01491 613 780

Or click here to complete the QUICK QUOTE form and an advisor will contact you promptly to discuss your details further.