For expert assistance setting up relevant life insurance cover for your business, choose Martin Wilcocks.
He’s a highly renowned financial adviser with many years of experience helping business owners and their employees with relevant life insurance in Liverpool, Manchester and across the North West.
Get in touch to set up a consultation by calling Martin on 0845 200 4041. Whatever industry you’re in, or however large or small your business is, he’ll be happy to help find the right solutions for you.
Is relevant life cover the right choice for your business?
Relevant life insurance cover is one of many tools you can use to attract and retain talented employees. This is a kind of tax efficient life insurance policy that pays out a tax-free sum to the family and dependants of the person insured in the case of their death. The insurance is set up and paid for by the business.
This kind of cover can be used as part of the benefits or ‘perks’ package you offer to employees. It’s attractive as it’s tax efficient and useful for high-earning executives who are concerned about exceeding their annual personal pension allowance.
Relevant life cover is counted as a tax-deductible business expense and crucially, the benefits payable if the worst should happen are free from inheritance tax. This means that more of the deceased person’s legacy is preserved for the benefit of their family, children and loved ones.
As well as being an attractive part of the benefits package you offer to employees, relevant life insurance is also a good way to express how much you care about your employees and their families. Caring about the wellbeing of your team, and helping their families to put a financial safety net in place if the worst should happen, is a key part of being a responsible business owner.
Understanding your options
It’s important to seek reliable financial advice if you’re considering taking out relevant life insurance cover. There are a number of different products to choose from, as well as varying levels of cover depending on the person’s age and yearly earnings.
With his years of experience advising on relevant life insurance in Manchester and the North West, Martin Wilcocks is perfectly placed to assist. He’ll help you understand whether this kind of cover is right for your business, and guide you through your options.
It doesn’t need to be complicated to set up cover, and Martin will give you all the information you need to make the right decisions. His clients appreciate his straightforward, jargon-free approach, which makes his advice easy to understand.
Martin can also help you to arrange relevant life cover as part of a discretionary trust, which is an essential part of the process. This is a legal arrangement which looks after the insurance plan until it is needed.
For a one-to-one consultation on relevant life insurance in Chester, Liverpool, Manchester or wherever you are based in the North West, simply get in touch with Martin Wilcocks today.