Skip Navigation

Save £779* with Relevant Life

Life cover, paid for by your business.

Frequently Asked Questions

Excellent

Reviews.co.uk logo

422 reviews

*Gross saving made when comparing a £1,000 p.a. Relevant Life premium to the equivalent Personal Life plan, when all taxes are taken into account. Please see our worked example for a break down of how this is calculated.

Protection for directors and employees
Tax free lump sum paid to your beneficiaries
Up to 30x your gross annual earnings
No benefit in kind tax

Cost Efficient

Start your cover straight away from just £20pm

Age 30
benefit amount
£750,000
term
20 Years
cost
£20 pm
Age 40
benefit amount
£750,000
term
20 Years
cost
£46 pm
Age 50
benefit amount
£750,000
term
20 Years
cost
£110 pm

How It Works

Complete Online Enquiry

Tell us about you and your business with our quick and easy online form.

Receive Quote

Our adviser will provide you with a quote from a panel of top providers in the UK.

Support

We will guide your case through the underwriting process.

Protected

Peace of mind to know that you are protected.

Get Quote

Frequently Asked Questions

Need answers? We got 'em.

A Relevant Life plan offers a cost-effective way for an employer to arrange life cover on the life of an employee (or director), with the benefit payable to the employee's family or financial dependant.

Premiums are paid, and the policy is owned, by the employer.

Read more about Relevant Life on our guide.

Relevant Life is payable on death or an earlier diagnosis of a Terminal Illness (12 months or less to live). There is an option to include an amount payable on diagnosis of a serious illness such as cancer, heart attack or Stroke etc.

No, Relevant life plans are non-registered arrangements. The premiums paid by an employer wouldn’t constitute a taxable benefit in kind, as the policy will purely be providing retirement (in the form of terminal illness cover) or death benefits

A relevant life policy can not be used for business loan cover, business continuity or business succession planning.

Any employee or director of a limited company, or an employee of a partnership, charity or a sole trader. However, sole traders or equity partners themselves are not eligible for a Relevant Life policy.

The claim proceeds won’t be subject to income tax, or corporation tax. The policy will be held in a Discretionary Trust, therefore there will be no inheritance tax (IHT) for the estate to pay on death, but, like all non-pension discretionary trusts, the trust itself can be subject to periodic and exit charges.

The trustees will administer the trust on the behalf of the beneficiaries. The trustees can be other shareholders/directors of the business, or friends/family members. The beneficiaries would typically be your dependants E.g wife and children.

All insurers have limits on the amount of cover you can have, this is usually based on your income from the business and your current age, an example is as follows:

Up to age 35: 30 times salary Ages 36-50: 25 times salary Ages 51-60: 20 times salary Ages 61+: 15 times salary

Income could include regular bonuses, commission, overtime and P11D benefits. In the case of a shareholder/director, dividends are taken into account. There are some Insurers that will only apply these limits when you are looking at a cover amount in excess of £1,000,000.

Some insurers will provide cover up to aged 75.

Excellent Service

Don't just take our word for it. Read our latest reviews.

ROLAND and JENNIFER
Rated 5.00 stars out of 5

We have always put our trust in Bruce to come up with the best deals and he has always persevered to bring things to an acceptable conclusion which in this climate of uncertainty is not an easy task but once again has looked after us as customers. Thanks again Bruce

Imran
Rated 5.00 stars out of 5

Kieran Ryan has been absolutely amazing throughout the mortgage process., from application to completion. He helped me with 4 mortgage deals and was always available for help whenever I contacted me. For one particular deal there was bit delay in completion due to solicitors and Kieran kept me updated even when he was on leave. Would highly recomme...

Sanju Arora UMA Properties LTD
Rated 5.00 stars out of 5

Jo McCarthy at B2B Finance was extremely helpful and efficient in her work. Always quick to reply via phone or email and always doing her best to make the deal work for both parties. 100% will recommend to others and will be my one and only choice for future business.

Sahil
Rated 5.00 stars out of 5

Jo was amazing! excellent communication. Would highly recommend.

Rated 4.91 out of 5 based on 422 reviews

Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on a mortgage or any other debt secured on it.

About Us

Legalwebb UK Ltd T/A B2Bfinance.com is authorised and fully regulated by the FCA. Ref: 734694.

B2Bfinance.com operates as a commercial finance broker and is not a lender. B2Bfinance.com is a full member of the financial intermediary and broker association (FIBA) and operates under its code of practice.

Contact Info
  • 0116 298 7376
  • info@b2bfinance.com
  • B2Bfinance.com, 169 London Road, Leicester, LE2 1EG
  • Monday - Friday, 9am - 5pm
Copyright © 2021 Legalwebb UK LTD. All rights reserved.