Relevant Life Insurance

Relevant Life cover is a life assurance plan taken out by a company on a member of staff (such as a director, owner or other valuable employee).

The benefit is directed by the employee but paid for by the company. Both parties benefit from generous tax allowances on the premium and the claim.

The plan also benefits high-earning employees who have exceeded their pension life time allowance, or directors who want to top-up their scheme benefits.

BBi Financial Planning can advise you on the options available from the whole market.

Relevant Life Insurance

Relevant Life insurance is a tax-efficient life insurance policy allowing employers to offer death-in-service cover to select employees.

Companies can benefit from tax-savings for the premiums while employees benefit from tax-free proceeds on a claim.

The right financial advice can give you the resources to protect your business and ensure its future success should the worst happen.

Why use
BBi Financial Planning?


Our advisers have obtained the highest level of qualification in UK financial services


With decades of experience between them our advisers have seen it all.


We use the best tools available to make sure our research is as good as it gets.


We invest heavily in expert compliance support to ensure our staff and processes are always under scruitiny.


We have relationships with tax and legal experts to provide you with a holistic support network.


A service agreement with us means you will be able to speak to your chartered adviser. You won’t be stranded with someone else.

Benefits of a Relevant Life Plan

As a fixed-term life assurance plan, Relevant Life benefits from guaranteed premiums which are treated as a tax-deductible expense for business purposes.

The cover is not treated as a benefit in kind.

Group cover is also available from some providers.

Why choose
BBi Financial Planning
for Relevant Life insurance?

Independent Advisers

We are proud of our independence.
It means no-one tells us what to do but you.
You can trust us to put your needs and goals first.

Chartered Professionals

We are a chartered firm and our advisers hold chartered status.
This puts us in the small elite number of firms in the UK, and means we uphold the highest standards.

Bespoke Cover

Our advisers will take the time to understand exactly what you need protected and why, and advise you on the most suitable options for your budget.

Is Relevant Life cover right for you?

Save tax for your business

Premiums for Relevant Life assurance are considered an allowable expense for the purposes of corporation tax which means you can reduce your tax bill.

Save tax for you

Relevant life assurance premiums are paid for by your company but they do not have to be declared as a benefit in kind.

Save tax for your family

Business owners and company directors often acquire more valuable estates. A Relevant Life assurance plan can pay a claim free from inheritance tax.

What are the benefits of Relevant Life insurance?

Relevant life insurance provides cost effective cover for business owners and key employees

Save tax

The right insurance can save you money

Save up to 49% compared to an identical life assurance plan

Tailored cover for your needs

Only pay for the cover you need

Subject to limits of the total cover, you can have as many term assurance plans as you need. For example your mortgage, car loan and other debts can all be covered with their own plan, providing maximum flexibility for you.

Predict your cashflow

Fix your budget

Relevant LIfe Insurance is a fixed term assurance plan which means you know exactly how much it will cost.

Frequently Asked Questions about Relevant Life Insurance