From a poll of 1,011 people, 48% cited affordability as the main reason for not obtaining life insurance. On average, those surveyed thought £100,000 of life cover would cost £50.98 per month, and 47% said they had no idea how much life insurance really costs… Life insurance can start from as little as £6 per month and is an important consideration if you are self-employed and the main breadwinner.
This research highlights that people are not protecting themselves with life cover because they’re not aware of the actual costs involved. As a result, it is vital that this misconception is addressed in order to inform people that there is such a thing as cost-effective life insurance. This is where Relevant Life Expert steps in.
We made it our mission to deliver more accessible and affordable life insurance for both Contractors and Directors of small companies. With Relevant Life Expert, life insurance really isn’t as expensive as you might think. The benefits are clear and simple:
· Place 100% of the cost of your life cover on company expenses (even if you have existing plans in place to protect your mortgage or income – swap and save)
· Benefit from 20% corporation tax relief on the cost of the premium
· No alteration to your P11D status
· The policy is written into trust from outset
· Life cover and terminal illness benefit included
· The policy can be moved between businesses or converted into a policy paid from your personal account if circumstances change
· The average we save our clients is £15,000 over the lifetime of their plan simply by swapping to a Relevant Life Plan
So, whether you are already paying for life insurance out of taxed income or you have not yet got around to putting vital life insurance in place, a Relevant Life policy could be the most tax-efficient solution.
For more information, contact Relevant Life Expert on 01202 700053 or request your free impartial quote here: http://rlp.relevantlifeexpert.co.uk/relevant-life-expert/
You’ll also be able to see how much you can save on the link above with our Relevant Life Calculator.