Relevant life insurance
Protection for you and your business


What is relevant life insurance?
Relevant life protection is a type of life insurance used by companies to provide life cover for their employees. It can be used to protect an entire workforce or a select few people. If an employee is diagnosed with a life-threatening illness or passes away whilst working for the business, a relevant life insurance policy pays a tax-free lump sum to their beneficiaries. This not only gives staff and their families peace of mind. But also provides several other benefits for the business including:
Significant tax savings to both their tax and national insurance payments
Enhanced cover, when comparing to a group life insurance policy
Flexibility to tailor the cover to each individual staff member’s needs.
Business Protection services are referred to a third party. Neither Fosters Financial Ltd nor PRIMIS are responsible for the service received.

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Relevant life cover for directors
As a relevant life insurance policy is paid for by the business, it is often used to provide life cover for directors and their families. In doing so, they do not have to use their own income. If they have built up a substantial pension, relevant life cover will also not impact their lifetime allowance.
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Relevant life policy maximum age
Most relevant life policies will only cover employees up to the age of 75. So, if you are looking to provide life insurance for an older employee, then speak to one of our experienced insurance brokers. They will take the time to understand your needs and help you get the right cover for you and your business.
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