Drewberry’s Online Relevant Life Insurance Quote Engine for UK Small Businesses

Get Tax-Efficient Life Insurance with Relevant Life Cover…

It’s all about recognising the opportunity…

Only a small percentage of UK small business owners are currently aware of the opportunities presented by what’s known as ‘relevant life insurance’. Relevant Life Cover is highly tax-efficient, providing a way for owners of UK businesses too small to qualify for group life underwriting terms and secure valuable life insurance cover for themselves and their chosen employees.

There are currently well over five million UK businesses employing less than nine people. Such companies account for around a third of total employment in the UK. However, only a fraction are currently making use of Relevant Life Insurance cover even though it can reduce Life Insurance premiums by 30-50% effectively (post-tax).

Tom Conner
Director at Drewberry

What is Relevant Life Insurance?

Relevant life insurance differs from individual life cover in that the premiums are paid by your company, which retains ownership of the policy. If the individual covered then dies during the policy’s term, the proceeds are paid into a Relevant Life trust. The Life Insurance payout is tax-free to beneficiaries when distributed via such a trust.

“In the meantime,” Tom continues “the various tax and national insurance savings can reduce the premiums by 30% or more while the company can write off the cost of the premiums as a business expense.

“This makes it a very efficient way for companies that are too small to qualify for group life insurance terms to extend a highly valued company benefit to their employees.”