Relevant Life

Relevant life is a type of life insurance policy that is designed for company directors and employees. It provides a tax-efficient way for businesses to provide valuable life insurance cover for their key employees and directors. The policy is taken out by the company, but the benefit is paid directly to the employee’s chosen beneficiaries. As a result, the benefit is not subject to inheritance tax and does not form part of the employee’s estate. Relevant life policies are often used as an alternative to traditional life insurance policies for high-earning employees.