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PAY YOUR LIFE INSURANCE PREMIUMS AS A BUSINESS EXPENSE

Did you know you can save both corporation tax and income tax by paying for your
life insurance as a business expense rather than from your taxed income? Find
out if you qualify today and speak to one of our experts.

Quote me now please





WE PARTNER WITH THE UK'S LEADING INSURERS:





RELEVANT LIFE INSURANCE



Do you currently claim your life insurance premiums as a company expense?

If not, you will be paying unnecessary corporation and income tax that you could
save if you move over to a ‘Relevant Life Insurance’ policy?

A Relevant Life Insurance policy is a life insurance policy paid for by your
limited company or employer and is becoming increasingly popular in the UK for
business owners and entrepreneurs.

One of the reasons for this newfound popularity is the fact that the full cost
of the premiums paid can be claimed as a cost to the business, providing 100%
corporation tax relief and no benefit-in-kind charge either.

This creates an incredibly tax-efficient way of providing life insurance for
your family while claiming the full cost of the policy as a business expense.

Life insurance is precisely that. It is a ‘term assurance policy’ on your life.
In the event of your death or being diagnosed with a terminal illness, the
policy pays out to your family or beneficiaries. For example, a £500,000 policy
would pay the full £500,000 to your family if you died or became critically ill.

We recommend that the policy is written into a trust which makes it completely
free of inheritance tax. You can find more about this in the sections below.




GOT QUESTIONS?

We have answers…


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WHICH INSURERS OFFER RELEVANT LIFE INSURANCE?




We have the advantage of comparing the entire insurance market to guarantee you
the lowest premium. That means we compare policies by Aviva, Zurich, LV,
Vitality and many others.

We use the latest industry software to compare the best cover at the best rates.
We also have the ability to request preferential rates on cover due to the
volume of business we write with them.

LOWEST PREMIUM PROMISE

As a broker, we can make adjustments to the policy that can lead cheaper
premiums than are even available from the insurer directly, so it’s worth
checking with us before you commit to a plan.


HOW DO I KNOW IF RELEVANT LIFE INSURANCE IS RIGHT FOR ME?



We are not a lead generation company or simple comparison website; we are
regulated, financial and insurance advisers. This means we are qualified to
advise you on the right cover to suit your needs and explain which insurer best
suits your requirements.

All of the advice we provide is regulated and governed by the Financial Conduct
Authority (FCA). We have the appropriate public indemnity insurance to cover the
advice we provide, so you are in regulated and safe hands.

We do not charge a fee for the service and are paid by the insurers directly.
This does not increase the cost of your premiums from the standard terms offered
by insurers. In 99% of cases, we can offer cheaper premiums that you can obtain
directly.


PREMIUM PROMISE

99% of the time we can match or beat any like for like quotation from any of our
partner insurers that you may have obtained directly.

Find out more


ADVICE YOU CAN TRUST

We are happy to talk through your needs and provide written, regulated, Finacial
advice that will connect you to the best policy for you.

Click to Call


OPTIONAL ADDONS - RELEVANT LIFE POLICY


Fixed Increasing Life Cover

When you take out your relevant life policy, you will start with a set level of
cover. For example, £500,000. If you choose to have ‘increasing cover’ this
amount will increase each year by a set amount, usually 3% or 5%. As you would
expect, the premiums also increase and can sometimes increase by 4.5% to 7.5%
retrospectively. (subject to policy and provider)

In most cases, you will have the chance to opt-in or out of increasing cover on
an annual basis. Therefore you could increase cover one year, and leave it flat
the year after.

Index-linked Relevant Life Cover

Upon the start of your policy, you will have a fixed amount of cover. For
example, £500,000. If you choose to add indexation cover to your relevant life
policy, this amount will increase by an index such as the ‘retail price index
(RPI), up to a maximum of usually 10%.

Your premiums would also increase, usually by 1.5 times the additional benefit.
If the index used to add indexation to the policy remains the same, the cover
will not increase, and neither will the premiums. If the index falls, the cover
will remain the same and not decrease in value.

Guaranteed Premiums

This is a simple add-on feature that keeps the premiums you pay at the same
level for the full term of your relevant life plan. This increase can vary from
insurer to insurer, so make sure you understand this before choosing this
option.

Reviewable Premiums

This option allows the insurer to review your premiums at a set interval. This
may mean that the cost of cover could increase while the benefit remains the
same. The guess here is will premiums go up or down in the future. In theory, we
see no reason for the insurer to reduce the premium. However, it can’t be ruled
out.

Continuation Benefit

Should you decide to transfer the policy from one company to another, this is
possible. For example, you may start a new venture or need to change limited
companies. The policy could simply be transferred from one company to the other
without any loss of cover or recalculation of premiums. For more information on
this contact a member of our team.

Increasing cover amount in the future

Hopefully, life is long, and lots of things might change while you are building
your business. This may require an increase in relevant life cover as your
business or maybe even family expand. In this event, the cover amount can be
increased. The increase will be subject to some restrictions; however, it can be
done.




NEED ADVICE?

We offer full regulated advice and are regulated by the FCA.

Contact Us



LOOKING FOR MORE INFORMATION?

Take a look at our blog posts on Relevant Life Insurance. You’ll find details of
various policies and the do’s and don’ts of the Relevant Life Insurance.

Relevant Life Blog Posts



TESTIMONIALS

“ Swapping my life insurance saved me money on my premium and made it more
tax-efficient to pay. It was great to compare the policy against others and make
sure I receive the best premium. Highly recommended”



Christine Walters




OUR ADVISERS

We are not a call centre or a large team of brokers just looking to close deals.
We are regulated insurance advisers that take the time to discuss the right kind
of insurance for you and add a human touch to what is a very important decision.

“If you’re wondering if Relevant Life Insurance is the right policy for you,
your family and your business feel free to give us a call. We will quite quickly
understand if Relevant Life is the right policy for you”

Read some blogs by our team



RELEVANT LIFE INSURANCE
AT THE BEST PRICE


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Relevant-Life.co.uk is a product feature website of Capital Wealth Partners
Limited
Capital Wealth Partners registered office address: 6 Birchy Cross Business
Centre, Broad Lane, Tanworth-in-Arden, B94 5DN – 0121 396 1167
Capital Wealth Partners Limited is authorised by the financial conduct authority
- FCA 647191