
Relevant Life Plans allow you to provide employees (including directors) with tax efficient death in service benefits without the need for, or alongside, a pension scheme.
Relevant Life Plans can be particularly beneficial for small businesses that don’t have enough eligible employees to warrant a group life scheme. They can also be attractive for high-earning employees or directors who have substantial pension funds and don’t want their benefits to form part of their lifetime allowance, and for members of group life schemes who want to top up their benefits.
It can be arranged to provide a lump sum if the employee dies or is diagnosed with a terminal illness.
Our plans come with Helping Hand, a support service that gives you access to recruitment and legal helplines, as well access to a dedicated nurse who can help the person covered and their family during a difficult time.
These plans are only available through an independent financial adviser, who can help you to understand all your options before you decide on the right cover for you and your business.
Remember these plans don't have a cash-in value at any time and if you stop paying your premiums your cover will stop.
Some of the benefits of Relevant Life Cover
Peace of mind
Provides valuable Life Cover for an employee and their family.
Tax efficient
Non-taxable benefit for the employee and is usually paid without any Inheritance tax. It also doesn’t form part of their annual or lifetime allowance for pension benefits.
Cost efficient
The cost of the plan is normally an allowable expense for the business meaning the business gets tax relief on the premiums paid.
Please note, tax treatment depends on individual circumstances and could change.

Helping Hand
The serious illness or death of a key member of staff in your company can have practical and emotional consequences. A financial payout may be enough to keep your business on an even keel, but losing crucial skills can mean uncertainty for customers and shareholders.
That’s why all our plans bought through an independent financial adviser come with Helping Hand - a comprehensive support service.
You’ll have access to independent support, like a recruitment helpline which can help with sourcing cover for a key member of staff. And a legal helpline that can help with any questions around employment law. What’s more, the person covered by the plan, their partner and their children, will have access to a dedicated nurse who can give tailored practical and emotional support for as long as it’s needed.
The dedicated nurse can recommend a number of additional services if they think it’s going to help. For example:
- A second medical opinion
- Support recovering from a heart attack
- Speech and language therapy after a stroke
- Complementary therapies to help manage symptoms or help with recovery
- Bereavement counselling and support
We also offer access to independent career, legal and medical helplines to support you when you need advice or a professional opinion.
Helping Hand is a package of support services, provided by third parties that aren’t regulated by the Financial Conduct Authority. These services aren’t part of our terms and conditions, so can be amended or withdrawn at any time.