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Relevant Life Cover benefits your family if you die in service
This type of cover is paid for by the business to protect the families of company director or key individuals by giving them a lump sum upon the employee’s death in service. The policy can be taken with the employee upon leaving and turned into a personal policy.
How we work
We will sit down with you to understand your business and how best to protect its ongoing viability and success. We will explain the complete range of options available to you, detailing the pros and cons of every product. The benefit to you is that we can offer every product on the market.
Many brokers will claim to offer ‘whole of market,’ but that may just mean that they offer every kind of product, but that they are all from the same insurer. Independent means that we can offer every kind of product from every insurer.
Benefits
- A single point of contact at all times
- Advice from as early in the process as you need
- Access beyond us to over 30 experienced advisors for the more obscure questions
- Access to every type of product from every insurer – we are truly independent
- By your side all the way
- Annual reviews at the very least
Why choose us
Sometimes it seems that there are almost as many financial advisors as there are financial products. Why should you choose us. We think there are many reasons of course, but among the most important are the following:
- We are truly independent and can access the whole of the market.
- We are advisers, not salespeople.
- We are transparent in our costs and fees.
- Our extraordinarily high rate of returning customers shows that people enjoy dealing with us.
This last is perhaps the most important. The proof of the pudding is in the eating. If we did not give our customers great service, they simply would not return.
Your personal and corporate protection specialist
Coran Stubbington
Coran worked as a bank manager for 20 years, on the South Coast and in London. She was made redundant in 2019, moved into the world of Business Development Management, joining Protection and investment in 2023. She is delighted to return to her roots to selling financial services, which is something she has done for 27 years. She specialises in protection, especially for business owners and teams, helping owners protect the business, themselves, their family and their staff. She has teenage twins – a boy and a girl – and a dog called Branston. She loves hosting events.
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Joe Bloggs, Managing Director
FAQs
What are the main tax benefits?
Premiums qualify for Corporation Tax relief and are not classified as a “benefit in kind”. Therefore, neither the employer nor the employee pays National Insurance or Income Tax on the premium values. Additionally, the payout usually bypasses Inheritance Tax if written into a discretionary trust.
Who is eligible for coverage?
To be eligible, there must be a formal employer-employee relationship. This includes company directors, but it excludes sole traders and equity partners in partnerships or LLPs.
How is the payout calculated?
Cover amounts are generally determined as a multiple of the employee’s total remuneration (which includes base salary, bonuses and dividends).
What happens if the employee changes jobs?
Most Relevant Life policies are portable. If an employee leaves the company, the policy can usually be transferred to a new employer with no break in coverage.
Are terminal illnesses covered?
Yes, most policies will pay out if the insured employee is diagnosed with a terminal illness with a life expectancy of less than 12 months
Let’s talk about your financial goals
For a detailed, confidential and without-obligation discussion, please get in touch.
Get in touch