I was in a meeting with the Independent Financial Advisor that we have been referring our clients to for a number of years now whenever a need is identified.
Today they mentioned a product called ‘Relevant Life Cover’ that I hadn’t come across before.
It works like ‘Death-in-Service’ benefit but is applicable to companies that are too small to have a group life-cover policy like this.
Anyway, Relevant Life Cover is a tax-efficient life insurance policy which allows companies to offer a death-in-service benefit to its employees and salaried directors. It’s set up by the company and pays out a tax-free, lump sum on the death of the person insured. The proceeds go directly to the employee’s family or financial dependents.
The main features are:
If you’re interested in exploring this opportunity further, get in touch with me firstname.lastname@example.org and I’ll arrange for the IFA to give you a call and go through the details.
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