Death-in-Service for you and your employees
Relevant life insurance is an insurance policy that a business can take out to provide life insurance for an individual employee. It’s an alternative way for employers to provide death-in-service benefits for their employees outside of a registered group life scheme.
It is suitable for those who run or work for a business that does not provide a group life insurance scheme (perhaps because it is too small to qualify for one), but would like the business to arrange life insurance as an employee benefit in a tax-efficient manner for themselves or another individual employee.