"A smarter way to protect your people."

Relevant life insurance works like a personal life insurance policy — paying out a lump sum on death — but is set up and paid for by the company. Because the premiums are paid by the business, they're treated as a business expense, meaning neither the employer nor the employee pays income tax or National Insurance on them.

For limited company directors especially, this is one of the most cost-effective ways to get significant life cover in place. Compared to paying for the same cover personally from post-tax income, the saving can be substantial.

The policy sits in a discretionary trust, so any payout goes directly to the employee's family — quickly and without probate delays.