Directors Life Insurance

Directors of Limited Companies can benefit from a policy called Relevant Life Insurance.  This is an tax efficient solution tailored for company directors seeking to safeguard their family’s financial well-being. Similar to personal policies, it provides a lump sum payout to chosen beneficiaries in the unfortunate event of your passing. However, the distinguishing factor lies in who bears the policy costs. Directors have the distinct advantage of having their company shoulder the expenses, enabling them to benefit from tax-deductible premiums. 

• Also known as Relevant Life Insurance or Relevant Life Cover, it’s a death-in-service benefit for smaller businesses instead of a group life scheme.
• Director Life Insurance is owned and paid for by a limited company, introducing several tax efficiencies.
• Insurers will usually allow you to cover up to 30x of your total annual remuneration, including both PAYE and dividends.
• Relevant life insurance policies are tax-efficient and can save higher-earning directors up to 49% compared to a personal life insurance policy.
• We can help you put your Relevant Life Insurance policy into trust at cost to you or your company