Life insurance for company directors, paid for by your company
It's called Relevant Life cover: life cover for your family that's 100% tax deductible and can reduce your company's corporation tax bill.
Adrian Benjamin Voted Adviser of the Year and winner of the Scottish Widows Dr Marius Barnard Award
What your cover really costs
IllustrationAt £200.00 a month, paying personally costs £297.41, through your company £150.00. Saving £147.41 a month, £1,768.92 a year.
Illustration only. Based on 40% income tax, 2% employee NI, 15% employer NI and 25% corporation tax.
Read the full disclaimer
This example is for illustration purposes only. Every quote is specific to each individual's personal and company tax position as well as their age, health, BMI and smoker status. Always get advice from an accountant and tax specialist.
“The corporation tax saving made the decision easy.”
- Your company pays the premium
- Written in trust, generally free of inheritance tax
- Whole of market, not tied to one insurer
- Free video consultation, evenings and weekends
What happens to your family if you are no longer here?
Could they keep up with the mortgage, the school fees and the lifestyle you have built? Savings alone rarely cover what your income would have provided.
£396.55
What £200 a month of cover costs when you pay it personally
Most directors take out cover from their net salary and dividends, paying premiums with money that has already been taxed. That's the total cost before corporation tax relief, from the illustration below.
Up to 40%
What your family can lose to inheritance tax without a trust
Many directors do not put their life insurance into trust.
The fix: Relevant Life cover, arranged through your company
Relevant Life Insurance is arranged through your limited company, so the premiums are paid by the business as a 100% allowable expense, potentially reducing your corporation tax bill.
Because the policy is written in trust, the payout goes directly to your family quickly and is generally free of 40% inheritance tax, without needing to pass through your estate or probate.
| Line | Personal policy | Relevant Life policy |
|---|---|---|
| Director pays premium | £200.00 | n/a |
| Company pays premium | n/a | £200.00 |
| Employee NI | £6.90 | n/a |
| Employee income tax | £137.93 | n/a |
| Employer NI | £51.72 | n/a |
| Total cost | £396.55 | £200.00 |
| Less corporation tax relief | £99.14 | £50.00 |
| Grand total | £297.41 | £150.00 |
This example is for illustration purposes only. Every quote is specific to each individual's personal and company tax position as well as their age, health, BMI and smoker status. Always get advice from an accountant and tax specialist.
Get your free relevant life consultation call
Tell us where to reach you and we'll arrange your free Google Meet consultation at a time that suits you, evenings and weekends included.
Adrian Benjamin Voted Adviser of the Year and winner of the Scottish Widows Dr Marius Barnard Award
Thank you.
Adrian will be in touch to arrange your free Google Meet consultation at a time that suits you.
If you'd rather talk now, call 020 8058 3580.
What Relevant Life cover does for you
Tax efficient
The premium is a 100% allowable business expense.
Written in trust
Straight to your family, generally free of 40% inheritance tax, outside probate.
Family secured
A lump sum that protects the mortgage, school fees and lifestyle.
Directors only
We understand how directors pay themselves.
Free consultation
On Google Meet, evenings and weekends.
Cover up to age 75
Why Adrian
An award-winning specialist who only does this for directors.
Award-winning
Voted Adviser of the Year and winner of the Scottish Widows Dr Marius Barnard Award, recognised as one of the best business protection advisers in the UK.
Specialises only in Ltd company directors
So he understands how you structure your income.
Independent
Not tied to any single insurer. Adrian searches the whole market.
16+ years in financial services
Having worked for UBS, HSBC, NatWest, Barclays, RBS, Accenture and Deloitte.
How it works
Four steps, and the first one is a free conversation.
Step 1: Have your free consultation
Fill in the short form and we arrange a Google Meet at a time that suits you.
Step 2: We research the whole of the market
Independent, not tied to any single insurer.
Step 3: We present your options
Clearly and without jargon. No pressure, no obligation.
Step 4: We handle the paperwork
And liaise with the insurer for you.
What directors say
I'd always paid for life cover personally out of my own taxed income as a director. Adrian set it up through the business instead and made sure everything was written in trust for my children. Couldn't recommend him enough.
I never realised life insurance could be paid through my limited company. Adrian walked me through the whole process and had it sorted within 1 day. The corporation tax saving made the decision easy.
Fast, clear and properly specialist advice from start to finish. Adrian got to grips with how my company was structured straight away and had the policy in place very quickly.
The risk does not go away
Most directors put off sorting their life insurance because there is always something more urgent. It takes a short form and a free call to see what your company could pay instead of you.
Prefer to talk now? Call Adrian020 8058 3580Get your free relevant life consultation call
Thank you.
Adrian will be in touch to arrange your free Google Meet consultation at a time that suits you.
If you'd rather talk now, call 020 8058 3580.