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 * Our Services
   * Relevant Life Insurance
   * Key Man Insurance
   * Executive Income Protection
   * Shareholder Protection Insurance
   * Company Life Insurance
   * Private Health Insurance
   * Whole Life Insurance
   * Business Will & LPA
 * About
 * Contact
 * Knowledge Hub

Get a Quote

 * Our Services
   * Relevant Life Insurance
   * Key Man Insurance
   * Executive Income Protection
   * Shareholder Protection Insurance
   * Whole Of Life Insurance
   * Private Health Insurance
   * Business Will & LPA
 * About
 * Knowledge Hub
 * Get a Quote
 * Contact

Pay Your Life Insurance Premiums As A Business Expense


BUSINESS LIFE INSURANCE EXPERTS

Full Market Quote Now

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Business Experts


FOCUSED ADVICE FOR BUSINESS OWNERS



Welcome to Executive Life; we are the experts for business life insurance and
succession planning.

At Executive Life, we are passionate about business and helping businesses like
yours. We demonstrate how life insurance can be used not just intelligently but
also in a tax-efficient manner, benefiting both you and other company owners.

If you are looking for personal life insurance paid for by your business, a
keyman policy, some income protection paid by your business, a shareholder
protection policy that helps you buy back shares or even an executive will that
brings all this together, then you're in the right place.



Book A Free Call Today


WHAT OUR CLIENTS THINK


Path Path Path Path Path

Smooth process, easy to deal with and most importantly they saved me a lot of
tax by switching my policy to one that could be paid for by the business.

James Tonry
Path Path Path Path Path

Recently used them for relevant life and income protection. Professional and
informative.

Ross Hutchinson
Path Path Path Path Path

I set up shareholder protection policies for me and my business partners through
Executive Life. They found us competitive quotes and the process was swift. I
would highly recommend to other company directors.

David J
Path Path Path Path Path

Executive Life helped me find the best deal for my life insurance policy and
also my income protection policy. It was very easy and the process took no time
at all - I would highly recommend them!

George Mitchell
Path Path Path Path Path

Very happy with the service and process I went through. They explained how the
income protection policy worked and how it would be tax efficient for me through
my limited company.

Jodie Newell
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SERVICES WE OFFER


KEY MAN INSURANCE COVER



A key person policy pays the business a lump sum when a key person who works for
that business suffers a specified critical illness or dies. It's a simple term
assurance policy that protects the business against losing a key person.




EXECUTIVE INCOME PROTECTION

Executive income protection is a tax-efficient policy that pays 80% of your
monthly income to the business if you are unable to work due to sickness or ill
health, until you return to work.


SHAREHOLDER PROTECTION INSURANCE

In the event of the death of a shareholder the shares that they previously owned
could be inherited by another family member, making this person you may never
have met, a key shareholder in the decision making of your business. This is a
very common risk that can be eliminated by using a simple shareholder protection
policy.


WHOLE LIFE INSURANCE

Whole life insurance essentially is just that - it is a life insurance policy
that covers the remainder of your life, as long as you keep paying the premiums.
These policies can be very helpful for long-term shareholders who choose to keep
their shares past the age of 75, when getting most other insurance cover may be
difficult.


PRIVATE BUSINESS HEALTH INSURANCE

Private business health insurance can be paid for by your company as an expense
and can also be extended to include your family. Corporation tax relief is
available, however, a benefit in kind tax will be due on the value of the
business health insurance premiums. This is usually more tax efficient than
paying for the premiums personally.

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The Top 4 Insurances Every Director Should Know About
Four tax efficient insurance policies that can be essential to business owners.
1
Relevant Life Insurance
A tax-free life insurance policy paid for your business with the benefit being
for your family and no benefit in kind tax charge.

2
Executive Income Protection
A guaranteed income if you cannot work due to ill health and the business paying
the premiums.

3
Shareholder Protection
A tax-free policy that allows you to buy back the shares of a deceased
shareholder with no benefit in kind tax to pay.

4
Keyman Insurance
A tax-free payment to the company in the event of the death of a key person in
the business.

Comprehensive, Regulated Advice


SPEAK TO US ABOUT YOUR BUSINESS LIFE INSURANCE



Welcome to Executive Life, where our aim is to provide a comprehensive source of
regulated financial advice to help business owners and executives. Our business
life insurance broker services ensure that you find the right insurance cover
for your company and key employees, in the most tax-efficient way possible.

Financial planning for business owners doesn’t need to be a long and complicated
process, with outdated independent financial advisors that don’t understand the
challenges of business. Our team of business life insurance brokers are
forthright with their advice and insurance suggestions, whilst also working to
open up new opportunities and ideas that you may not have considered before.



Speak To Our Team

Protection For Business Owners


PERSONALISED QUOTES TO SUIT YOU

Our clients all have the same profile: successful business owners. As a result,
this means that we are always facing the same life insurance challenges.
However, this doesn’t mean that all of our clients are treated in the same
cardboard cutout way. Our team of business life insurance brokers take time to
get to know you and your business in order to provide the best service and
recommendations. Here at Executive Life, we’re confident that we can find you
the right business life insurance solution.

Put A Plan B In Place


PROTECTING YOUR BUSINESS AGAINST THE UNEXPECTED



There is a lot at stake for business owners when it comes to running a business,
including financial security, professional relationships and your personal life
and livelihood. There are many different types of insurance you need to ensure
is in place for your business, but one that is perhaps the most important is
business life insurance.

Business life insurance provides business owners with a plan B, in the event
that should something unforeseen happen to them or a key person/employee, the
business doesn’t take a financial hit. Business life insurance isn’t one
specific type of insurance, but instead encompasses a variety of different
protection and cover for key people within your business. Our team of business
life insurance brokers can help you to find the right insurance and premium for
your business, giving you peace of mind that your business is protected.



Cover Your Life Insurance Premiums As A Business Expense


CORPORATE AND INCOME TAX SAVINGS



Providing business life insurance for key people within your company can be
costly, but did you know that you can pay for business life insurance as a
business expense and save on both corporate and income tax? Our business life
insurance brokers are on hand to provide further advice and help you find the
right insurance cover for you.




LEARN MORE ABOUT OUR RANGE OF DIFFERENT POLICIES



Business life insurance isn’t just a one-size-fits-all insurance policy.
Business life insurance encompasses a range of different insurance policies to
protect employees within your business, as well as cover your business against
financial loss should the unthinkable happen. Our team of business life
insurance brokers can source and find the best insurance policies for you,
including:

Relevant Life Insurance We can help you find a relevant life insurance plan that
is cost-effective and covers the life of employees within your business. Our
life insurance brokers can help you find the best cover from a range of
providers.

Executive Income Protection Support your small business by preventing any
financial impact should employees become ill or unable to work. Our team of
business life insurance brokers can find the right plan for you.

Key-Man Insurance If a key person within your business dies, becomes ill or is
unable to work through injury or illness, having key-man insurance in place can
absorb any financial losses. Our business life insurance brokers can find
insurance policies from insurers you can rely on.


Our team of business life insurance brokers are confident that we can match or
beat any like for like relevant life insurance quotation, from any of our
partner insurers that you may have obtained directly, 99% of the time. We are
happy to talk through your needs and provide written, regulated, financial
advice that will connect you to the best policy for you.



Easy and Convenient


BENEFITS OF CHOOSING A LIFE INSURANCE BROKER



When it comes to choosing a business life insurance policy, here at Executive
Life we understand that you want to take the inconvenience out of the whole
process. This is where we come in.

Rather than having to repeatedly fill out the same details online and deal with
impersonal websites and online agents, our team of life insurance brokers are on
hand to provide you with expert advice you can trust. There are many benefits to
choosing a broker to handle your business life insurance policies, including:

Access expert and personal advice, tailored towards your business, with no extra
cost Understand and learn about the different types of business life insurance
available to you Rest assured that your policy will be taken care of on your
behalf and any claims will be quickly and respectfully taken care of Get the
best insurance rates thanks to our personal connections with some of the biggest
insurers Save time browsing and comparing business life insurance policies
online with our dedicated team of brokers



Policies From Some Of The Biggest Insurance Names


WHAT INSURERS DO WE WORK WITH?



Here at Executive Life, we have the advantage of being able to compare the
entire business life insurance market in order to guarantee you the lowest
premium. We compare policies from some of the biggest insurance names, including
Aviva, Zurich, LV, and Vitality amongst many others.

In order to provide you with the best business life insurance quote, our brokers
use the latest industry software to compare the best cover, at the best rates.
We also have the ability to request preferential rates in business life
insurance cover due to the volumes of business we write with these big name
insurers.




FAQS ABOUT BUSINESS LIFE INSURANCE

Do I Need Business Life Insurance?

If you own your own business, it may be prudent to have some form of business
life insurance in place. Many business life insurance policies are more tax
efficient to pay for as a business life insurance policy rather than a personal
life insurance policy. HMRC have granted special permissions to company owners
to claim both corporation tax and income tax relief on specific policies such as
relevant life insurance and executive income protection, both of which can
provide a high level of protection for directors and business owners.

The consequences of the death of a business owner on their families are
catastrophic, so having some form of life insurance in place is essential. As a
business owner, why not let the business pay for this cover? Equally, if you
should have an accident and are unable to work for a period of time, an income
protection policy that continues to pay you your salary whilst you recover could
also be a great asset, again with the company meeting the cost of premiums and
claiming tax relief.

With the question “do you need business life insurance”, it is not a
requirement, but for most business owners, it would be wise to have it in some
form.

How Much Does Business Life Insurance Cost?

How much business life insurance costs depends on the kind of life insurance
policy taken out. For example, a very popular choice for company directors is a
relevant life insurance policy. A relevant life policy is paid for by your
business as a qualifying expense, meaning that you can claim corporation tax
relief on the premiums in order to reduce your annual corporation tax bill. The
benefit is for your family and, if you should die, they would receive the
benefit amount, tax-free. The cost for a 40-year-old, non-smoker, insured to age
65 with a benefit of £1 million would be just £60 a month, paid by the business
with no benefit in kind.

Premiums for other business life insurance policies, such as shareholder
protection or key man insurance, are also a similar price.

Executive income protection is also more affordable than you might think. The
same 40-year-old, non-smoker insured to age 65 on a salary of £80,000 a year
could insure 80% of this income with a 24-month limit for just £56 a month.

If you would like a bespoke quotation, we search every insurer in the UK market
and present this information to you so you can pick the best insurer that offers
the best value. Feel free to reach out to the Executive Life team and we will be
happy to help!

Is Life Insurance A Business Expense?

Not all life insurance is a qualifying business expense. Relevant life insurance
and executive income protection are the most tax efficient, as they both qualify
for corporation tax relief with no benefit in kind.

Shareholder protection with a company share buy-back and key-man insurance has
no benefit in kind tax, however, corporation tax can’t be claimed.

Private health care can be paid for by the business, however, benefit in kind
tax will be charged to each member.

What Is Business Life Insurance Used For?

There are four main kinds of business life insurance. relevant life insurance,
executive income protection, shareholder protection and key man insurance. They
all have different uses.

Relevant life insurance is a policy that is paid for by the business as a
qualifying expense and the benefit is for the member’s family personally. It’s a
form of death-in-service benefit that you might have if you worked for a larger
company, but it can be used for businesses of all sizes.

Executive income protection is a policy that can also be paid for by the
business as a qualifying expense and will pay the business an income each month
if the member is unable to work due to health-related reasons. This policy, used
in conjunction with a relevant life policy, provides a great amount of
protection for many company directors.

Shareholder protection is designed to provide the cash for a company to buy back
the shares of a shareholder should they die. It means that the company remain in
the control of the remaining shareholders and is very important for businesses
where there are multiple shareholders.

Key man insurance cover is used so that, in the event of the loss of a key
person, the business may suffer a short term decrease in income. This can be
counterbalanced by using a key man policy that pays a lump sum to the business
in the event that a key person either dies or become critically ill.

Many businesses require a combination of all of these policies to create a
protection suite. For more information on how best to combine insurance policies
to suit your business, contact us today.

What Business Insurance Policies Do You Recommend?

Most company directors choose to start with a relevant life policy as this
protects their family in the event of their death. Shareholder protection is
also popular, as many businesses are owned by multiple shareholders, so having
this insurance in place can be essential to ensure the smooth running of a
business.

Executive income protection is important for businesses that rely on sales, or
if they act as the main contract winner within the business, as if the director
was unable to work, sales would stop and income would soon follow. The risk of
this can be reduced by using executive income protection.

Finally, key man insurance can be prudent when select individuals in the
business are responsible for the majority of sales or business income. If there
were not around, then the business would suffer, so having a buffer of cash from
a key man policy could be essential to the business's survival.

Adding A Personal Touch To Business Life Insurance


OUR LIFE INSURANCE BROKERS AND ADVISORS



At Executive Life, we’re not just a large team of brokers or a generic call
centre looking to close deals. We’re a team of dedicated life insurance advisors
and wealth managers that take the time to discuss the right types of business
life insurance for you, whilst adding that personal, human touch to what is
ultimately a very important business decision.

We don’t just look for the cheapest policy. Instead, we look for a policy that
works for your business, as well as the tax efficiency of the policies available
in order to make a saving of up to tens of thousands of pounds over the life of
a business life insurance policy. No matter your business life insurance needs,
our team of insurance brokers are on hand to provide professional and expert
advice you can trust. Contact Executive Life today!



Arrange Your Consultation With Our Team
Offering Peace Of Mind


INDEPENDENT ADVICE YOU CAN TRUST

We are an independent, FCA-authorised financial planning business. Because we
are independent, this means that we are not tied to specific companies in the
solutions or business life insurance policies we recommend. Instead, we search
the market in order to find you the best deal and best provider for your
business life insurance or investment needs. We make sure to back up any and all
of our insurer recommendations with written regulated financial advice that
gives you peace of mind that you are dealing with professional experts.

Get Your Quote Today!

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Registered office address: Unit 6 Birchy Cross Business Centre Broad Lane,
Tanworth-In-Arden, Solihull, England, B94 5DN

Company number: 13876417

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