Business protection and relevant life cover are both employer-paid insurance products, but they serve entirely different purposes: business protection safeguards the company itself from financial loss, while relevant life cover provides a death-in-service benefit paid directly to an employee’s family…
Relevant life insurance is almost always worth it for directors and employees who want substantial death-in-service cover arranged tax-efficiently through their company. Rather than paying for personal life insurance from post-tax income, a relevant life policy is funded entirely by…