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The tax treatment of a relevant life policy

Relevant Life policy tax treatment Relevant life policy tax is a much-discussed topic in the insurance industry. Particularly, because it can help businesses save money on their life insurance. If you’re still unclear about how it works or whether a relevant life policy is right for you, then this overview may help to make things […]

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Employee Significant Illness Cover with Relevant Life

Relevant life Insurance with employee significant illness cover Aviva first launched a relevant life insurance and critical illness cover product in 2016 for customers. Their aim was to provide tax-efficient life cover with critical illness cover that enabled business employees and directors to save money. However, due to confusion around the tax and legal implications, […]

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Life Insurance for Business Partners

When you run a partnership, losing a business owner can make a big impact on the day-to-day operations of the business. In partnerships, running a business without a key member of the team can result in financial difficulty. Not only is losing a partner often a personal loss, the partnership itself loses a key asset. […]

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5 Questions to ask when getting business life insurance

Business life insurance helps to protect you, your business and your family in the event of a death. Whether it’s a key member of your business or a business owner, having protection can help lessen the blow financially during an already difficult time. The main thing to think about is what would happen to your […]

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Key Man Insurance – The Ultimate Guide

Key man insurance is a life insurance policy suitable for all sizes of business including sole traders. It ensures that any key members of the team that are crucial to the success of the business have life insurance. Unlike a personal life insurance policy, key man insurance pays the money back into the business to […]

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What happens when a business owner dies?

When you start up a business, it’s important to have a succession plan in place. This is because if the business owner dies, it can cause a big financial impact, whatever size of business. Debts, sales, commercial mortgages, employees and customers all still carry on. Without the business owner, this may not always be possible. […]

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Aviva Relevant Life and Critical Illness Policy

Relevant Life Cover with Significant Illness Cover for Employees In the past, relevant life policies only included a death benefit and terminal illness. Aviva brought about a considerable market change with the launch of a relevant life and critical illness policy. This caused disruption amongst insurance providers and many discussions regarding its legitimacy. Regardless, Aviva’s […]

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Life Insurance for a Commercial Mortgage

If you’ve been looking for a new business property, then you might want to look into getting life insurance to protect your commercial mortgage. If a commercial mortgage is placed in your name for the business, whose responsibility is it to pay off if you were to pass away? Chances are, you’ve already explored your […]

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Can you claim life insurance as a business expense?

If you’re a director of a business, it’s likely that you’ll want to invest in life insurance. Whether it’s to protect your business or your family, you can get life insurance through the business. Some options are not tax-efficient, however, there are some life insurance policies that can be claimed as a business expense. How […]

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Business Critical Illness Cover or Key Man Income Protection

How to protect your business against the cost of employee sickness Any business owner looks to keep costs low without compromising the quality of the service or product that they provide to keep a profitable business.  With employee salaries being one of the biggest overheads, what happens when a key member of staff becomes seriously […]

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