Since 2006 we have helped
373,466
people compare Protection Insurance quotes.
We would love to do the same for you...
We’re Here to Help
0333 987 3960*
Call waiting time: 8 secs
Since 2006 we have helped
373,466
people compare Protection Insurance quotes.
We would love to do the same for you...
This type of policy (also known as Death-in-Service Insurance) provides cover for all employees across a business in the event of the death of one or more employees, whether working in the business or at any other time. It is particularly advantageous to employees who might struggle to gain life insurance on a personal basis as the underwriting is based on the number and age profile of the employees, not their lifestyle or medical history.
Read more
Features:
Benefits:
It's important for businesses to carefully consider their specific needs, consult with insurance providers, and review policy terms and conditions to select the most suitable group life insurance coverage for their employees.
This type of policy protects businesses financially if a key individual within the business (typically a company director) dies or can no longer act in any capacity with immediate effect in the event of serious illness. It is often required by lenders to cover the full repayment of a loan. It is an important consideration for many small and medium-sized businesses.
Read more
Key Man Insurance or Key Person Insurance is essentially a form of life insurance for businesses. It is generally taken out by a business to compensate for financial losses that would arise from the death or extended incapacity of the key individual(s) of the business specified in the policy, and in turn ensure the continuity of the business.
There are generally three categories of loss for which Key Man Insurance can provide compensation:
As a result, a Key Man or Key Person can be anyone directly associated with the business whose loss can cause financial strain to the business. For instance, they could be a Director of a company, a Partner, key sales people, key project managers and people with specific skills or knowledge which is especially valuable to the company.
This type of policy (also known as Relevant Life Insurance) can provide a complete tax-free solution to life insurance for company directors where both the premiums and the lump-sum payment in the event of a claim are tax-free. The premiums are not classed as a benefit-in-kind and, if the policy is written into a discretionary trust, then any payout is not subject to inheritance tax.
Read more
Life Cover for Company Directors (known as a Relevant Life Policy) is a way of providing death-in-service benefits on an individual basis no matter how small your business is. They are not classed as a ‘benefit in kind’ so no tax is payable on the premiums. In most cases the benefits can be paid free of inheritance tax provided the benefits are payable through a discretionary trust.
If you’re a company director and you already have life insurance in place to protect your family, you could be paying more tax than you need to.
What are the benefits?
What are the advantages of using a discretionary trust?
Are there any limits to the cover I have?
Who are relevant life policies suitable for?
They are not suitable for the self-employed or equity partners, although their employed staff could be covered.
This type of policy helps businesses continue effectively on the death of a shareholder (or a Partner in a Partnership) by releasing a lump-sum that allows other shareholders to buy the shares and provide fair-value funds to the surviving spouse.
Read more
In the interests of financial security, business stability and continuity, it is essential for private limited companies to provide a safety net following the death of a shareholder.
Shareholder Protection is usually put in place to ensure that, on the death of a shareholder, their shares are available for the other directors to buy and there is sufficient cash available to buy the shares.
This is normally done by:
The risk of not setting up some Shareholder Protection are as follows:
For free advice, speak to a UK based adviser on
0333 987 3960* (9am-5pm Mon-Fri)
The telephone service is provided in partnership with BQI Protection Ltd and the quotation service is provided by an FCA-authorised insurance specialist
Group Life Insurance, also known as Group Life Assurance or Death in Service benefit, is a policy taken out by an employer to cover a group of employees. If an employee dies while covered under the policy, a tax-free lump sum is paid out to their beneficiaries (usually their family or dependents). The policy is typically arranged as part of an employee benefits package and is often provided at no cost to the employee.
For expert advice, speak to a UK-based adviser on
0333 987 3960* (9am-7pm Mon-Fri)
Our team of experienced advisers can help guide you through the options and provide access to the best deals in the market.
A: Typically, employees cannot opt out if the policy is employer-funded. However, they can decline to nominate beneficiaries.
A: Coverage usually ends when an employee leaves the company. Some policies may offer portability or conversion options.
A: Yes, Group Life Insurance is scalable and can be tailored to businesses of all sizes.
A: Yes, employers can often customize coverage levels, eligibility criteria, and additional benefits.
Group Life Insurance is a valuable employee benefit that provides financial security to employees and their families while offering tax advantages to employers. By understanding the key features, benefits, and considerations, you can choose the right policy for your business and enhance your employee benefits package. Whether you’re a small business or a large corporation, Group Life Insurance is a cost-effective way to demonstrate care for your employees and protect their loved ones.
It is possible to be protected with a life insurance or critical illness policy within 20 minutes provided the insurer does not require a GP report or medical.
A GP report or medical is normally required for large amounts of cover (over £400,000), or if your BMI is over 30, or you have any significant ongoing or past medical issues, or if you are involved in dangerous job or high risk hobby.
Find out how much cover you might need by using our simple online calculator. It will take into account your outstanding mortgage, any loans or credit cards, your monthly income and how many children you have.
Ultimately the right amount of cover is often a balance between what might be an ideal figure and what you can sensibly afford.
We have tracked down the very best protection insurance advisers in the UK to ensure you have access to great advice and the best products from the leading insurers.
Instead of pushy sales people, our advisers offer a more personalised service to guide you through the process and ensure you enjoy lasting peace of mind by making an informed choice.
Outstanding service and knowledgeable customer service rep. I received a call as promised in my email. Marie was very knowledgeable in her subject matter, she took some basic details and was very polite and courteous in her manner.
Marie was very sensitive when discussing personal circumstances and listened carefully and showed...
N Marsden
This type of policy (also known as Death-in-Service Insurance) provides cover for all employees across a business in the event of the death of one or more employees, whether working in the business or at any other time. It is particularly advantageous to employees who might struggle to gain life insurance on a personal basis as the underwriting is based on the number and age profile of the employees, not their lifestyle or medical history.
Read more
Features:
Benefits:
It's important for businesses to carefully consider their specific needs, consult with insurance providers, and review policy terms and conditions to select the most suitable group life insurance coverage for their employees.
This type of policy protects businesses financially if a key individual within the business (typically a company director) dies or can no longer act in any capacity with immediate effect in the event of serious illness. It is often required by lenders to cover the full repayment of a loan. It is an important consideration for many small and medium-sized businesses.
Read more
Key Man Insurance or Key Person Insurance is essentially a form of life insurance for businesses. It is generally taken out by a business to compensate for financial losses that would arise from the death or extended incapacity of the key individual(s) of the business specified in the policy, and in turn ensure the continuity of the business.
There are generally three categories of loss for which Key Man Insurance can provide compensation:
As a result, a Key Man or Key Person can be anyone directly associated with the business whose loss can cause financial strain to the business. For instance, they could be a Director of a company, a Partner, key sales people, key project managers and people with specific skills or knowledge which is especially valuable to the company.
This type of policy (also known as Relevant Life Insurance) can provide a complete tax-free solution to life insurance for company directors where both the premiums and the lump-sum payment in the event of a claim are tax-free. The premiums are not classed as a benefit-in-kind and, if the policy is written into a discretionary trust, then any payout is not subject to inheritance tax.
Read more
Life Cover for Company Directors (known as a Relevant Life Policy) is a way of providing death-in-service benefits on an individual basis no matter how small your business is. They are not classed as a ‘benefit in kind’ so no tax is payable on the premiums. In most cases the benefits can be paid free of inheritance tax provided the benefits are payable through a discretionary trust.
If you’re a company director and you already have life insurance in place to protect your family, you could be paying more tax than you need to.
What are the benefits?
What are the advantages of using a discretionary trust?
Are there any limits to the cover I have?
Who are relevant life policies suitable for?
They are not suitable for the self-employed or equity partners, although their employed staff could be covered.
This type of policy helps businesses continue effectively on the death of a shareholder (or a Partner in a Partnership) by releasing a lump-sum that allows other shareholders to buy the shares and provide fair-value funds to the surviving spouse.
Read more
In the interests of financial security, business stability and continuity, it is essential for private limited companies to provide a safety net following the death of a shareholder.
Shareholder Protection is usually put in place to ensure that, on the death of a shareholder, their shares are available for the other directors to buy and there is sufficient cash available to buy the shares.
This is normally done by:
The risk of not setting up some Shareholder Protection are as follows:
For free advice, speak to a UK based adviser on
0333 987 3960* (9am-5pm Mon-Fri)
The telephone service is provided in partnership with BQI Protection Ltd and the quotation service is provided by an FCA-authorised insurance specialist