Services

Relevant Life Policy

Relevant Life Policies are a cost-effective alternative or ‘top-up’ to group death in service benefit.

A loan that one or more persons receive in order to buy a house or other residential property in which they will live. The loan is secured by a lien on the property; the borrowers repay it over a specified period of time. The interest on a residential mortgage is tax deductible under most circumstances.

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Many companies offer their employees a ‘death in service’ benefit, paying the employee’s family a lump sum if they die while they’re employed. However, this kind of benefit doesn’t suit every company.

  • It’s not normally available to companies with fewer than five employees
  • It’s arranged on a group basis which makes it harder to tailor benefits to suit your most valuable people
  • It may not suit everybody either, high earners with large pension pots can find it takes them over their Lifetime Allowance

There is however a tax-efficient and cost-effective alternative for both you and your employees. Save nearly 50% tax (compared to an ordinary life policy) and reward your people with discounts and rewards that help them lead a healthy lifestyle when you take out a Relevant Life Policy with VitalityLife.

An SME employee benefits package. Big business benefits for small businesses.

A Relevant Life Policy from Vitality Life comes with a great range of discounts and rewards. Allowing you to offer your employees a wide-ranging benefits package which not only rewards them but helps them to live life well. Healthy employees:
  • are more engaged
  • take less time off sick
  • are more productive

For more information please contact us on 0207 993 4684, alternatively 0207 993 4725