A type of employee benefit, a Relevant Life policy will pay out a sum to an employee’s beneficiaries in the event of their death while on the company payroll.
If you are looking to provide your employees with some financial peace of mind, but don’t have the budget required to set up a group life insurance scheme, relevant life cover may be the solution you are looking for, as it is usually cheaper than life insurance or death in service policies but still gives some financial benefit to an employee’s family in the event of their death.
We can provide completely bespoke and tax-efficient Relevant Life plans and work with you to determine the best policy for your needs.