In simple terms, Relevant Life Insurance is a cost-effective way of taking out life insurance for you or your employees. It’s designed to pay out a lump sum on death or diagnosis of a terminal illness. Straightforward and cost-effective, Relevant Life Insurance can also be tax-efficient for both the business and the employee.

The cover is paid for as an expense through the business.

This cover is ideal for:
Limited Company Directors (PAYE)
Employees of UK Limited Companies, Partnerships, Limited Liability Partnerships or Sole Traders

This cover is not designed for:
Business owners of Partnerships, Limited Liability Partnerships or Sole Traders (in their capacity as
owner). Those residing outside of the UK

Shareholder protection allows business owners to buy shares back from any shareholder/partner who is diagnosed with a critical illness, terminal illness or dies. This policy helps surviving owners stay in control and minimises disruption to the business.

The cover is paid for as an expense through the business.

How it works:

• A legal agreement is put in place to enable the sale/purchase of a stakeholder’s share in the
• business in the event of death or critical illness and defines how the shares are valued.
• Each stakeholder takes out a policy on their own life to cover their share of the business.If a stakeholder becomes critically ill or dies during the term, a claim is made.
• The proceeds are paid according to the Trust.
• The remaining stakeholders use the money, to purchase the deceased/critically ill stakeholder’s share of the business.
• The stakeholder (if critically ill) or the stakeholder’s family (if deceased) receive the money
  from the sale of the shares.

An Executive Income Protection policy provides a replacement income if an employee or Company Director is unable to work due to accident or illness. The benefit is paid directly to the business who continues to pay the employee or Company Director (via PAYE) whilst they are unable to work. 
 
The cover is paid for as an expense through the business.

This cover is ideal for:
Limited Company Directors (PAYE) 
Employees of UK Limited Companies, Partnerships, Limited Liability Partnerships or Sole Traders 

This cover is not designed for:
Business owners of Partnerships, Limited Liability Partnerships or Sole Traders (in their capacity as
owner) or those residing outside of the UK.

Keyperson insurance is a protection policy designed to provide financial support and continuity should a business lose a key member of staff to serious illness or death. A claim can be made, and the proceeds used to replace the loss of profits caused by their absence and help the business recruit a suitable replacement.

The cover is paid for as an expense through the business.

This cover is ideal for:
Key employees and business owners of Limited Companies, Partnerships, Limited Liability
Partnerships and Sole Traders whose death or continued absence would have an impact on the profits of the business.

This cover is not designed for:
Anyone whose continued absence wouldn’t adversely affect the profits of the business.

Business Loan Protection Insurance provides funds to repay any overdrafts, loans, commercial mortgages, investment/venture capital, personal guarantees and Directors’ loans (which are immediately repayable by the business in the event of death) should one of the business owners die or suffer a critical illness.

The cover is paid for as an expense through the business.

• Types of debt covered
• Short Term Debts
• Overdrafts
• Loans
• Commercial Mortgages
• Investment/Venture Capital
• Personal Guarantees
• Directors’ loans (immediately repayable upon death)