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What Type of Life Insurance Can You Have Under a Relevant Life Policy?

I am a company director and have a mortgage and a family I want to protect with some Life Insurance. I spoke to my accountant and he mentioned Relevant Life Cover, is it possible to use this to cover protect these risks?

Question asked by Richard Fry

Relevant Life Insurance was primarily designed to allow small companies (those with less than 5 employees who are unable to obtain group quotes) to take out a company paid Life Insurance policy in a tax-efficient manner.

As a result, Relevant Life Cover should be used in a a similar manner. You would typically provide a multiple of salary (often between 3 and 15 times gross salary) of life cover to said employees.

It has not been designed to directly protect any outstanding mortgage debt.

To make sure it is set up correctly it is best to speak to a financial adviser, if you would like us to help please do not hesitate to call us on 02084327333 or email us at

Our expert advisers will be able to talk you through the different options in more detail.

Drew was incredibly helpful all the way along and very responsive and patient with any questions I had (which were many). He was able to get me a much better deal on my new health insurance than I had been able to get online. A success all round!

Francesc Sale
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