Exclusive Offer for Company Directors
Exclusive Offer for Company Directors
Save up to 66% with Relevant Life Insurance compared to Personal Life Insurance. Protect Your Family's Future, While Reducing Corporate Tax Liability.
The HMRC-approved life insurance policy that provides comprehensive coverage for your loved ones without the premium tax burden
No obligation. Advisor-led and FCA regulated.
5 Star Defaqto Rated insurers
Tax-Efficient Protection
Premiums are treated as an allowable business expense, and with combined tax and national insurance savings, company directors can save up to 66% compared to personal life policies.
Maximum Amount of Cover.
Protect your family with up to 35x your annual remuneration - significantly higher than typical group life insurance limits.
Zero Benefit-in-Kind Tax
Unlike many company benefits, there's no P11d / benefit-in-kind costs for the employer or the employee.
5 Star Defaqto Rated insurers
Personal Life Insurance can Cost UK Business Owners Thousands over the full term in Unnecessary Tax.
Overpaying for Life Cover?
Many directors have mistakenly opted for Personal life insurance which isn't tax efficient. The monthly cost of personal life insurance isn’t eligible for tax relief. Without tax relief and other permitted savings, the cost can increase by up to 66%.
IS YOUR LIFE INSURANCE WRITTEN IN TRUST?
It's optional for personal life insurance to be written in trust. If it's not, the payout is usually delayed by probate and will become part of your estate, which could expose it to 40% inheritance tax.
PROBLEM
Traditional life insurance costs you more than it should. It’s paid out of post-tax income and isn’t tax-deductible. Most directors don’t realise there’s a smarter, compliant, and more tax-efficient alternative.
opportunity
If you're paying for personal life insurance through either your personal or business bank account, you’re not entitled to tax relief. This could equate to thousands being lost over the term. Furthermore, the payout could be subject to inheritance tax if it's not written in trust.
Optima Health And Life
Relevant Life Insurance
Relevant Life Plans are an extremely tax efficient life insurance policy that a business can provide for individual employees, including directors. They are single life, specific death in service arrangements, held in trust and provided by a business for the benefit of the employee or directors family, much in the same way a regular life insurance policy does. The product is extremely tax efficient.
Unlike complex trust arrangements or questionable tax schemes, Relevant Life Insurance is fully compliant with HMRC regulations and is specifically mentioned in the Finance Act 2003.
Relevant Life Cover is Tailored for UK company directors and their employees
Our specialist advisers compare policies from all of the UK's leading insurers including Legal & General, Aviva, Royal London, Vitality, Scottish Widows and more.
Tax-deductible premiums are paid through your limited company, with proceeds paid tax-free to your beneficiaries
Because premiums are paid from a company’s gross profits, rather than personal post-tax income, they can reduce income tax, employee and employer National Insurance contributions. As the premiums are usually tax-deductible, they may also help lower corporation tax. Relevant Life Plans must be written in trust from the outset which can also protect the proceeds from inheritance tax liability.
Are You Qualified?
QUALIFIED
You're Eligible If:
You're a company director, or an employee of a Ltd company, partnership, LLP or sole trader.
You're under 75 years old and in reasonably good health
You want to provide financial security for your family while optimising your tax position
*Conditions Apply
DISQUALIFIED
Not Right For You If:
You're a sole trader without a limited company structure
You're seeking income protection or critical illness cover only (though we offer these as separate solutions)
You need cover beyond age 75 or have significant pre-existing health conditions.
*Conditions Apply
Still Not Sure?
Our Frequently Asked Questions
Question 1: What happens if I close my business?
If you set up a Relevant Life policy for an employee or director who eventually decides they want to leave while the policy is still active, there are a couple of options available to you and them:
You can, if you want to, cancel the plan and they’ll no longer have the protection.
You can offer the employee the right to continue it as a personal life insurance plan at their own expense.
Or they can transfer it over to their new employer (assuming they’re willing to take the policy on).
This is known as Relevant Life Policy continuation.
Question 2: Can my financial advisor do this?
Yes, if this is what they specialise in. Advisers are able to provide advice on business protection insurance products if they hold the necessary authorisation. The predominant focus of advisers in the protection sector is on recommending and facilitating personal protection plans, which do not optimise tax considerations.
Guidelines usually restrict advisers from offering guidance or facilitating transactions related to tax-efficient business protection insurance products unless specifically authorised by their firm. Business protection products entail greater intricacies, chiefly attributed to the diverse tax implications surrounding their structuring.
They can be litigious if set up incorrectly. If you're a company director and your adviser hasn't got you set up with tax efficient insurance plans already, it's probably because they they're not able to do so.
Question 3: Who receives the money?
Relevant Life Plans are written in Trust. It pays a lump-sum to the employee's family if they die or are diagnosed with a terminal illness with a life expectancy of less than 12 months.
Keeping the plan in trust offers the potential for an employee to plan for inheritance tax if an estate is, or is likely to be, worth more than the current inheritance tax threshold.
Question 4: Is relevant life cover a P11D benefit?
There is no P11D benefit-in-kind to pay
Optima Health and Life is a trading style of Match Mortgages Limited who are authorised and regulated by the Financial Conduct Authority.