Relevant Life Insurance
Relevant life insurance is a policy designed for businesses that want to provide life cover for individual employees. Read on to discover why this may be a suitable protection product for your business.
How does relevant life insurance work?
Relevant life insurance is an alternative way to provide death-in-service benefits for employees. In the event of an employee’s death whilst the plan is in place, a lump sum will be paid out to their family. Terminal illness cover may also be included in the policy, in which case a pay-out could be made if the employee is diagnosed with a terminal illness and has a life expectancy of less than twelve months.
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If you’re interested in exploring relevant life insurance for your business, get in touch with our knowledgeable and friendly financial advisers today.
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