Relevant Life Plan.

Relevant Life Plan

What is a Relevant Life Plan?
A Relevant Life Plan is a term assurance plan available to employers to provide an individual death in service benefit for an employee. It's designed to pay a lump sum if the person covered dies or is diagnosed with a terminal illness, whilst employed during the term. A Relevant Life Plan is paid for by the employer.

Who is it aimed at?

  • Employers looking to provide 'death in service' benefits, but with too few employees to set up a group scheme.
  • Directors wishing to provide their own individual ‘death in service’ benefits without taking out a scheme on all employees.
  • High earning individuals, such as directors, where ‘death in service’ does not form part of their ‘lifetime allowance’ (£1.5 million 2012/13).

Relevant Life Plans are not available where there is no employer/employee relationship. For example, sole traders, equity partners of a partnership or equity members of a Limited Liability Partnership.

What makes it cost effective?
Relevant Life Plans are similar to most other types of life cover except they aim to provide a tax efficient benefit provided by an employer for an employee.
See the potential saving that could be made.

Why choose our Relevant Life Plan?
A big saving can effectively be made on life cover, as our Relevant Life Plan can work out much cheaper than a typical life policy.

Learn more on why you should choose us as your provider.

Call us on
0800 197 9208

 

9am to 5pm Monday to Friday
We may record and monitor calls.

Or email us at businessprotection@landg.com

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