Relevant Life Insurance
Relevant life insurance, designed for directors
Discover how relevant life insurance can save you tens of thousands of pounds in corporation and income tax while providing essential life insurance for your family.
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- No fees, ever: we're paid by the insurer, not you
- FCA authorised and regulated (985058)
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The quick version
Relevant Life Insurance in a minute
- What it is: Life insurance for your family, paid by your limited company, recognised by HMRC since 2006
- Who it's for: Limited company directors and employees in the UK
- How much you save: Up to 64% compared to paying personally*
- How to get it: One call - we search every UK insurer and present your options
How much does relevant life insurance cost?
Like-for-like, it has the same premium as a personal policy, so no additional premiums are charged just because it is Relevant Life. A 40-year-old director would pay around £31.98 a month for £500,000 of Relevant Life cover, or £60.64 a month for £1,000,000.
| Age | £500,000 cover | £1,000,000 cover |
|---|---|---|
| 30 | £18.25 | £35.20 |
| 35 | £23.71 | £46.01 |
| 40 | £31.98 | £60.64 |
| 45 | £43.77 | £82.30 |
| 50 | £60.93 | £119.44 |
| 55 | £86.56 | £171.85 |
| 60 | £111.32 | £202.16 |
Example monthly premiums for a healthy non-smoking male company director, level cover over a 25-year term, based on the lowest guaranteed premium across our insurer panel. Quotes sourced on 1 August 2026. Indicative only: premiums depend on health, occupation, lifestyle and underwriting. Relevant Life premiums are paid by the company.
Benefits overview
Key benefits of Relevant Life Insurance
Relevant life is on average 64% cheaper than personal life insurance when you consider the tax saving.*
Saves you thousands in tax
Relevant life is a qualifying business expense and reduces corporation and income tax, with no benefit-in-kind. Our other clients average £39,756 in savings over the life of a policy.*
Essential cover for your family
Relevant life is paid into trust for your family, making it inheritance tax-free and simple to access. Knowing you can provide for them, even after death, gives the peace of mind we all need.
Transferable policies
If you move companies or even sell your business, you can convert the policy into a personal policy and take it with you. You can even move it to a new company if you start one.
Our customers
Trusted by business owners like you
“Smooth process, easy to deal with and most importantly they saved me a lot of tax by switching my policy to one that could be paid for by the business.”
“Recently used them for relevant life and income protection. Professional and informative.”
“Executive Life helped me find the best deal for my life insurance policy and also my income protection policy. It was very easy and the process took no time at all - I would highly recommend them!”
Questions
Frequently asked questions
Can my limited company pay for my life insurance?
Yes and for most directors, arranging it this way is significantly more tax-efficient than paying personally. A relevant life policy is specifically designed for this purpose. The company pays the premiums as an allowable business expense, qualifying for corporation tax relief, and neither you nor the business picks up a Benefit in Kind or employer's National Insurance charge on top.
Is relevant life insurance tax deductible?
Yes. HMRC treats relevant life premiums as an allowable business expense, which means that the company deducts them from its taxable profit before calculating its corporation tax bill. The premiums don't attract a Benefit in Kind charge for the director, and there's no employer's National Insurance liability for the business.
Can I take my relevant life policy with me if I close my company?
Yes, relevant life insurance policies are transferable. The policy can be transferred to a new limited company you set up or join, or converted to a personal policy without further underwriting if that's more appropriate.
Can a sole trader get relevant life insurance?
No. Relevant life insurance must be arranged by a limited company. It's the company that pays the premiums and claims the corporation tax relief, and that structure isn't available to sole traders or standard partnerships.
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