What is relevant life insurance?
Relevant life insurance is an employer-paid life policy for an individual employee, often used by SMEs and directors.
It can provide death-in-service style cover without setting up a full group life scheme.
Key benefits
- Employer-paid life cover
- Useful for directors and SMEs
- Usually written in trust
- Can be tax-efficient
Frequently asked questions
It is usually available for employees, including salaried directors, but not sole traders.
Relevant life policies are generally life cover. Some related products may offer additional protection.
Yes, the employer normally pays the premiums.