Relevant Life

Relevant Life insurance cover provides directors and employees with 'death in service' lump sum payouts to beneficiaries.

Tax Efficient Relevant Life Cover



Providing peace of mind.



A Relevant Life Cover policy is a life insurance policy that covers an individual for ‘death in service’ whilst in employment or as a director. As a term assurance plan, it pays a lump sum to named beneficiaries (even where there is no will), if the individual becomes terminally ill or dies during the term of the plan.

Relevant Life Cover is a life insurance policy, except it is a tax efficient alternative ideal for businesses, that gives a valuable 'death in service' benefit for directors and their employees.

The insurance cover has tax efficient benefits because the policy is paid for by the business for the employee(s), although the policy is personal to the named individual. However, despite this - it currently remains tax deductible and doesn't count towards any annual tax or pension allowances.


The business pays the policy premium, but the sum assured goes directly to the named beneficiaries, and this is because the policy is 'written in trust', a legal document which states exactly where the money should be allocated in the event of the 'death in service' of the individual concerned. This prevents the sum assured from becoming part of the deceased's estate and is therefore not subject to Inheritance Tax.

There are a range of relevant life policies available including those which provide incentives to stay healthy.

Case Study: Relevant Life Cover - High Earner

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