A relevant life plan is a type of insurance policy that a company, often small to medium-sized can set up to provide death-in-service benefits to its staff.
A relevant life plan is a tax-efficient life insurance policy, set up by the employer and pays out if the insured person passes away during the term of the policy, a tax-free lump sum payment will be made to their family.
A relevant life plan can be viewed as an attractive option for small to medium-sized companies who do not have the need or resources to set up a death-in-service as it can be set up on an individual basis.
Relevant life plans provide peace of mind for business owners who wish to offer a death-in-service benefit to their employees and also add value to their business. Finsure’s panel of experts will be able to assist you with finding the right plans for your business.