What is Relevant Life Insurance?
Relevant Life Insurance is a normal life insurance policy which is paid by a company for the benefit of the company directors and employees. Premiums can be offset against corporation tax meaning you will effectively get a 20% discount on the annual premium. It can be run to a maximum age of 75 and is written into trust to the insured beneficiaries from the offset. If an employee leaves, they can take the benefit to their new employer or opt to pay the premiums themselves.