Shareholder Protection Insurance Cover


Do you know that purchasing life cover through your business can save you a considerable amount of money?

Relevant life insurance is a tax efficient form of life cover that can be paid for using your company’s gross income, offering huge savings in tax payments.


Whether you are a company director looking to put life insurance in place for yourself to protect your family, or a business owner looking to provide death in service benefits for staff members, Relevant life insurance could be the best option for you, and your company.


With Relevant life insurance, rather than using personal finances to purchase life insurance, your limited company can provide it for yourself and your employees. The insurance premiums form a corporation tax deductible expense, and unlike many personal expenses paid via a company, they do not attract a P11D benefit-in-kind.


With the recent rise in corporation tax, the tax savings you will make by choosing relevant life insurance makes this a cost-effective way of protecting your family, or the families of your employees, when compared to personal life cover.


Relevant life insurance is always written into a discretionary trust, which has multiple benefits including:

  • inheritance tax free payout ­­– the proceeds do not form part of your estate
  • quicker payment – there should be no need to wait for a grant of probate and no legal issues if you do not have a will in place
  • control of the funds – a trust can control when the monies are paid out, once trustees are appointed, making it an ideal solution if you are looking to protect the financial future of children or dependent
  • flexibility of beneficiaries – using a discretionary trust gives a degree of flexibility as to who will benefit from the policy


Our team of qualified advisers will assist you with the trust documentation completely free of charge. They will also help you to decide the amount of cover that works best for you, which can typically be up to 35 times your total remuneration, up until a maximum of age 75.


All policies are portable, meaning that if you cease trading or leave the business the policy can be taken with you, if appropriate. We also take a long-term view on life insurance, as we recognise what you need from your life cover will change over time.


Get in touch today using the form opposite.


We’d love to help you find the right protection for you.
Call us on 01270 620555
Or request a quote here


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