As a business owner or company director, you’ve worked hard to build your business and create financial security for yourself and your family. But have you considered what would happen if you became seriously ill or were unable to work for an extended period? Our services help business owners put effective protection plans in place to safeguard their income, support their families, and provide valuable employee benefits through tailored business protection solutions. Our focus is on two highly effective forms of cover: Relevant Life Plans and Executive Income Protection.
Relevant Life plan
A Relevant Life Plan is a tax-efficient life insurance policy arranged and paid for by a business on behalf of an employee or company director. It provides a lump-sum payment to your chosen beneficiaries if you die during the policy term. For many directors and small business owners, it is enticing because it is life cover paid for by the business with potential tax efficiencies compared with personal policies. It also offers financial protection for your family and provides cover that is separate from most registered group life schemes
“For many business owners and directors, their ability to generate income is their most valuable asset. “
Executive income protection
For many business owners and directors, their ability to generate income is their most valuable asset. Executive Income Protection provides a monthly benefit if an employee or director is unable to work due to illness or injury. The policy is owned and paid for by the business, helping protect both the individual and the company from the financial impact of long-term absence, providing a monthly income replacement that should reduce financial pressure.
Why Choose us?
We understand that every business is different. Whether you’re a sole director, business owner, or part of a growing company, we’ll take the time to understand your circumstances and recommend protection that’s appropriate for your needs.
We can help you:
- Understand your protection requirements
- Review existing cover arrangements
- Compare leading insurers
- Explore tax-efficient protection options
- Protect your family, income, and lifestyle
- And, finally, arrange cover that fits your budget.
Disclaimers
Should you fail to disclose or mispresent a fact, then you risk the insurer only paying part of the claim, declining to pay all the claim and possibly declaring the policy invalid.