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Life Insurance isn’t as expensive as you might think – especially if your company pays for it with Relevant Life Expert.

August 8, 2016 7:51 am / Leave a comment

Coat and bag hanging on a hook
The perception of how much life insurance costs is nearly 400% above the actual cost, according to a survey from Critical Research.
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.

“LIFE COVER WAS NOT SOMETHING I HAVE EVER THOUGHT ABOUT UNTIL I HAD CHILDREN. AS THE MAIN EARNER IN OUR FAMILY, I WAS CONSCIOUS THAT IF SOMETHING SHOULD HAPPEN TO ME, MY FAMILY WOULD BE LEFT IN A TRICKY FINANCIAL POSITION. WHEN I DISCOVERED I COULD ACCESS LIFE COVER IN SUCH A TAX-EFFICIENT WAY THROUGH RELEVANT LIFE EXPERT, I WAS SOLD!”

                       ABIGAIL WHITE 

Save Tax with a Relevant Life Plan

November 8, 2013 7:32 am / Leave a comment

opportunity

No one enjoys paying out on insurance premiums but why not take advantage of a great “tax break” when it comes to providing life assurance for your family?

It’s called a Relevant Life Plan and it works as follows;

Most directors pay for family life assurance out of their “taxed” net income and therefore for example a £100 per month premium has really cost approximately £145 when you add back in the tax and N.I.

If you were to pay for this via a Relevant life Plan then your company can make the payments for you and its classed as a business expense therefore saving on Corporation Tax. In this instance the £100 per month would now have a real cost of £80 per month. More good news is that it’s NOT a P11d benefit and the policy is written into a special trust which means on death the proceed go straight into the trust (for the benefit of your family) and not back to the company.

I found details of this policy at www.direct-fs.co.uk

steve@bicknells.net