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Save tax with 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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Business Owners Life Insurance

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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What is key employee insurance?

Key employee 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 employee insurance pays the money back into the business to […]

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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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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 on the business, no matter what size of business. Debts, sales, commercial mortgages, employees and customers all still carry on. Without the business owner, this […]

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Key Man Insurance Tax Treatment

The tax treatment of a key man policy is often a concern for a lot of our customers. The main question; is key man insurance tax efficient? Well, it can be – to put a long story short. However, if you’re not taking out the policy for the benefit of the business, then it is […]

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Aviva Relevant Life Plans 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 relevant life plans with critical illness. This caused disruption amongst insurance providers and many discussions regarding its legitimacy. Regardless, Aviva’s relevant […]

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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?

Directors and business owners can run their life insurance through their company as a business expense. You can protect your business or your family, and claim back tax on your life insurance premiums. How does it work? Like most insurance policies there are different types of plans on offer. This will depend on how much […]

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