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.