Relevant Life Insurance is a smart, tax-efficient way for businesses to provide individual life cover for employees or directors.
While Group Life Insurance is designed for two or more employees, Relevant Life Insurance covers just one person.
Some of the main reasons you might invest in a Relevant Life Insurance policy include:
If you’re a company director or business owner, you can draw on the expertise of our independent advisers at Engage Wealth Management to find out if Relevant Life Insurance is right for you. We’ll happily gather quotes on your behalf and, should you wish to proceed, we’ll help set up the policy and take on the paperwork.
Arrange a free discovery call with our FCA-regulated life insurance experts to find out how we can help: [email protected] or 01273 076587
Relevant Life policies are becoming more popular, but many business owners still don’t realise they exist – missing out on tax saving opportunities in the process.
With our guidance, putting a policy in place is quick and manageable, and we do most of the work for you.
Working with a specialist broker means you don’t have to spend hours comparing providers, working through tax implications, or worrying whether the cover is set up correctly.
We take care of all the detail, ensuring your policy is structured in the most tax-efficient way and tailored to your specific business needs.
We’ll start by sitting down and discussing the reasons why you want Relevant Life Insurance. How is your business structured? What level of cover is right for you? And how can the policy be set up in the most tax-efficient way for both the company and the insured individual?
You’ll have plenty of opportunity to quiz our experts about how Relevant Life works and learn more about the support we offer.
Once you’ve decided to proceed and we’ve determined the amount of cover you’ll need, we’ll start sourcing quotes from insurers and evaluating the options you have available.
As independent financial advisers, we compare Relevant Life Insurance policies across the market and can often secure terms you wouldn’t find on your own. You’ll receive a tailored recommendation based on our in-depth knowledge of providers and cover options.
We’ll talk you through the recommendation in plain language so you’re clear on how the policy works and what it means for you. There’s no pressure to decide quickly – you’ll have as much time as you need, and we’ll be available to answer any questions along the way.
Once you’ve made your decision, we’ll take care of setting up the Relevant Life policy with the insurer. From completing paperwork to guiding the insured through any medical checks, we manage the process so it’s seamless and stress-free.
Should your requirements change or you need to make a claim, we will be here to help. We can review your policy, adjust cover if required and set up new schemes where appropriate.
“When it came to the life insurance we were able to get the right level of cover for our needs and that helped keep my monthly payments as low as possible… We remain fully covered in the event something happens."
As well as being experienced in arranging Life Insurance for clients, our advisers carry all the relevant industry qualifications, including the Diploma for Financial Advisers (DipFA) and Diploma in Financial Planning (DipPFS) from LIBF and the CII respectively. Our advisers also hold qualifications in mortgages, equity release, long-term care and Pension Transfer Specialist (PTS) qualifications.
“Very professional, very responsive and secured a protection better than the one we had at a cheaper price. Also the investment side was better than we were hoping for.”
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“When it came to the life insurance we were able to get the right level of cover for our needs and that helped keep my monthly payments as low as possible… We remain fully covered in the event something happens and I’m now looking to use Oliver again to move my multiple pension pots from past employers to a single pension.”
Two directors at a communications agency were looking to arrange life cover for the first time. Our adviser, Luke Comerford, discussed their requirements and immediately started making money-saving recommendations.
“I highlighted the fact that arranging personal life cover through the business would be more tax-efficient, as it’s paid for by the business with premiums being a deductible expense,” said Luke.
The total cost to the business for providing £4,000,000 of cover was around £435 per month. Yet, paying for equivalent personal cover through their salaries would have cost around £935 per month – more than double what they ended up paying!
“We secured the cover they requested while saving them around £500 per month,” said Luke. “We also made sure they had a policy which offered the most comprehensive coverage in the UK and abroad.”
They now have peace of mind that they have the right policy in place, at the most competitive price.
Engage Wealth Management featured in VouchedFor’s Top Rated Financial Adviser Guide, as published in The Times and The Telegraph. We’ve also featured in Sussex Business Times (SBT), Citywire, Financial Planner Life podcast and Fund Your Retirement podcast.
Are you looking to find affordable Relevant Life Insurance? Contact our professional advisers at Engage Wealth Management via the contact form below.
Engage Wealth Management is authorised and regulated by the Financial Conduct Authority. Registered in England and Wales Company no. 13010558 Registered Office: 1a City Gate, 185 Dyke Road, Hove BN3 1TL FCA Firm Number: 942618 To visit the FCA consumer website, The Money Advice Service please click here https://www.moneyadviceservice.org.uk/en. To visit the Financial Ombudsman Service, please click here https://www.financial-ombudsman.org.uk/
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