Good news for those looking to take out the tax efficient relevant life policy. Another insurance company this time Aegon have launched a relevant life plan. The policy operates in the same manner as the other relevant life policies from Bright Grey, Scottish Provident, Legal and General, Pru Protect and Zurich. The plan is taken out by a limited company on the life of an employee or company director. The plan can run to the age of 75. Just like the other insurers the policy must only cover death benefit only and cannot cover waiver of premium or critical illness cover.
Good news for those looking to take out the tax efficient relevant life policy. Another insurance company this time Aegon have launched a relevant life plan. The policy operates in the same manner as the other relevant life policies from Bright Grey, Scottish Provident, Legal and General, Pru Protect and Zurich. The plan is taken [...]
Video made by Legal and General one of the leading Relevant Life Cover providers. So let’s have a look at those tax advantages and consider an example. If an individual were paying £2,000 annual premium for their life cover, they would be paying it from their net income. Therefore, the employee will have paid income [...]
Video by Legal and General one of the UK’s leading Relevant Life Policy Providers. So who would benefit from a relevant life plan? Well, there are three key opportunities here. Firstly, where you have employers who would like to offer death and service benefits for their employees, but may not qualify for a group scheme [...]
Relevant Life Plan video made by Legal and General one of the leading providers of Relevant Life Plans. A relevant life plan is an opportunity from tax legislation that allows employers to provide death in service benefits to individuals and not just as part of the group scheme. So what is ours? It is simply [...]
Bright Grey was the first life insurance company to introduce the relevant life policy. We have used them on many occasions as they seem to be remaining very competitive with their premiums. In addition their excellent underwriting systems and service lead us to use them an a high percentage of cases. One area that can [...]
What is Relevant Life Plan Policy? A Relevant Life Plan Policy is a substitution plan for employers. It will help the employers to set up a life cover up plan for his or her employees in a manner that ensures tax efficiency without having to use registered death in the group life scheme of service. [...]
