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Relevant Life Insurance

Providing tax-efficient life insurance coverage for business owners and their employees
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Protection for small business owners & directors of limited companies

Relevant life insurance is specifically designed for small business owners and directors of limited companies. This life insurance product offers a tax-efficient way for business owners to provide life insurance coverage for themselves and their employees.

what are the benefits of relevant life insurance?

Tax Efficiency

Premiums paid by the employer are typically considered a business expense and are tax-deductible. This can result in potential savings for the business in terms of reducing its corporation tax liability.

Individual Coverage

Each relevant life insurance policy provides life insurance coverage for a specific employee or director. This means that multiple policies can be set up to cover different individuals within the company.

Death Benefit

In the event of the insured individual's death, the policy pays out a tax-free lump sum to the individual's beneficiaries.

No Benefit in Kind (BIK) Tax

The premiums paid by the employer do not count as a benefit in kind for the insured individual, so they do not incur income tax on the value of the insurance. This makes it an attractive option for businesses to provide an additional employee benefit.
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Relevant Life Insurance
Relevant Life Insurance

Who needs relevant life insurance?

Relevant life insurance is advised for the following individuals:

Small Business Owners

This type of life insurance allows small business owners to secure life insurance coverage for themselves while enjoying tax advantages, such as corporation tax relief on premiums.

Company Directors

Directors of limited companies can use relevant life insurance to provide life insurance benefits for themselves and their families. The policy can be tax-efficient because premiums are typically considered a business expense.

Homeowners with Mortgages

If you have a mortgage on your home, life insurance can help ensure that your family can continue to make mortgage payments and keep the family home in case of your passing.

Commercial Property Owners

If you own commercial properties such as office buildings, retail spaces, or industrial properties and lease them to businesses, you may need commercial landlord insurance to protect your interests.

Key Employees

Employers may use relevant life insurance as an employment benefit to attract and retain key staff members.

Shareholders

Shareholders in limited companies may choose relevant life insurance to protect their families and beneficiaries while minimising tax liabilities.

Business Partnerships

In the case of partnerships or joint ventures, the partners may choose relevant life insurance to protect their business interests and provide financial security to their beneficiaries.
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Speak to our trusted insurance advisors

Windsor Hill works closely with individuals to advise on all relevant life insurance options to help you make informed decisions based on individual needs and circumstances.

Speak to one of our expert team members today to help you with your relevant life insurance requirements at 01225 962 456 or email info@windsorhillmortgages.co.uk

With Windsor Hill Mortgages, the path to relevant life insurance is clear and straightforward, transforming what could be overwhelming into a smooth, informed process.

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IMPARTIAL FINANCIAL ADVICE

Whether you are looking for building insurance or life cover for peace of mind for you and your family, our team are here to offer practical guidance. 

 Our experienced financial, insurance and mortgage advisors take real pride in offering impartial advice, so you’ll have the peace of mind that your best interests are at the heart of everything we do. 

 Based in Bath, we enjoy getting to know our clients and listening to their requirements to ensure we provide the right financial solutions every time. 
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