In many cases a business can pay for Life Insurance and Critical Life Cover policies. As a business you can offer this benefit to your employees. If you are Director, you can cover yourself regards Life Insurance through the business account.
Relevant Life can be run through the business and can be setup to cover any individual. Relevant Life can be a more tax-efficient way for a business to provide life cover benefits for its employees on an individual basis rather than through a group scheme. This can be a significant saving, particularly for a higher-rate taxpayer.
Offering Life Cover and Critical Illness cover is a great benefit to your employees and can help you put together a very attractive package when seeking high-achieving new staff.
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