Relevant Life Insurance for Clients in Bath
Wisey specialises in providing industry-leading relevant life insurance to people just like you in Bath.
Whether you’re a small business looking to provide life cover for your employees or a director who wants to enhance their company’s benefits package, our relevant life insurance (RLI) service is ideal for you.
This unique insurance solution offers a win-win scenario for you and your team which can lead to a positive work environment and a financially healthy business.
- High level of coverage for employees (typically multiples of the employee’s salary)
- Flexible insurance plans that meet the needs of each individual employee in your business
- Attract and retain skilled employees with a robust benefit package including life insurance
Does relevant life insurance provide tax advantages for my Bath-based business?
With relevant life insurance (RLI), the premiums you pay are typically tax-deductible as a business expense, reducing your taxable income.
Additionally, these premiums are not considered a benefit in kind for your employees, meaning they face no additional tax burden.
This creates a double win – you save on company tax, and your employees receive valuable life cover through a tax-efficient life insurance policy without any tax implications.
Relevant life insurance is a tax win-win for businesses and employees. Businesses can deduct the premiums they pay, lowering their tax bill. Plus, the payout to the employee’s loved ones usually avoids inheritance tax. This means more money reaches those who need it most, offering greater financial security.
In Bath’s competitive business environment, it’s crucial that you’re maximising your company’s cost-efficiency. RLI can help you achieve that while offering a valuable benefit to your employees.
What are the benefits of relevant life insurance in Bath?
Tax Efficiency
Personal Coverage Through Business
Ideal for Small Businesses
Policy Portability
High-Level Insurance Coverage
No 'Benefit in Kind' Taxation Fee
Trust-Based Policy
Shows Corporate Responsibility
Flexible and Bespoke Insurance Coverage
Get your relevant life insurance quote now:
How can relevant life insurance make my business in Bath more competitive?
Offering a comprehensive benefits program is a great way of attracting and retaining top talent in Bath. Relevant life insurance (RLI) is an excellent benefit to include and demonstrates your commitment to your employees’ well-being, making your Bath business a more attractive employer.
A happy and secure workforce is more productive and loyal, ultimately contributing to the success of your company. Top talent in and around Bath may be interested in relevant life insurance as it provides a safety net in case of a disaster.
Contact Wisey to learn more about our relevant life insurance cover plans and, to receive a free quote, call us today.
Relevant life insurance for companies in and around Bath
Does your small Bath-based business struggle to offer life cover for employees?
Maybe you’re a director in Bath looking for individual death-in-service benefits?
Relevant Life Insurance (RLI) simplifies things.
Unlike group life insurance schemes with minimum size requirements, RLI offers a flexible solution for smaller businesses. It allows you to provide death-in-service benefits to your team, while directors can obtain their own coverage without needing it for all staff.
This flexible approach ensures financial security for individuals and their loved ones.
Make sure your team is appropriately insured today; book a call with us to discuss an insurance solution that works for you.
What else do you need to know about relevant life insurance?
Relevant life insurance often includes coverage for terminal illness at a competitive price for your employees. This can be an excellent way of attracting and retaining top-quality talent in Bath.
Providing relevant life insurance as part of your benefits package makes your company more attractive to potential hires and helps you keep your existing employees happy and loyal. It shows you care about their well-being.
The premiums you pay for relevant life insurance are typically tax-deductible as a business expense, lowering your overall tax bill. This makes it an affordable option for smaller companies to compete with larger rivals in and around Bath when offering employee benefits.
If you set up the plan as a trust, it can help employees plan for inheritance tax if their estate is likely to exceed the current threshold. This provides them with additional peace of mind.
Get your relevant life insurance quote today:
Relevant life insurance; a win-win for your Bath business and employees
Relevant Life Insurance (RLI) offers a package of advantages for both your Bath business and your employees.
For your Bath-based company, RLI is a tax-efficient way to provide valuable life cover to your team. Premiums you pay are typically tax-deductible, lowering your taxable income.
Additionally, employees don’t face additional tax burdens because the premiums aren’t considered a benefit in kind. This cost-effective solution also helps your business stand out from competitors in Bath.
By offering RLI, you demonstrate a commitment to employee well-being, attracting and retaining top talent, and enhancing your company’s reputation as a socially responsible employer in and around Bath.
How does relevant life insurance benefit your Bath-based employees?
Employees also benefit greatly from RLI. They receive individual life insurance coverage through the business, providing financial security for their loved ones in the event of the unexpected.
The policies are flexible, allowing for continuous coverage even if an employee leaves the company.
Additionally, the payouts are typically tax-free and delivered quickly through a trust, ensuring your employees’ families receive the maximum financial support during a difficult time.
Book a call with a member of the Wisey team today to discuss how relevant life insurance can benefit your Bath-based company.
Relevant Life Insurance in Bath - Frequently Asked Questions
What are the tax advantages of relevant life insurance for my Bath business?
With relevant life insurance, the premiums you pay are typically tax-deductible, lowering your company’s tax bill. Employees also avoid extra taxes because the premiums aren’t considered a benefit.
How can relevant life cover make my Bath business more competitive?
Offering relevant life cover shows your commitment to employee well-being, making your company more attractive to top talent in Bath. A happy and secure workforce is more productive and loyal, benefiting your business in the long run.
Do relevant life plans work for small businesses in Bath?
Absolutely! Unlike some life insurance schemes, relevant life cover has no minimum size requirements. It’s a flexible solution for smaller businesses to provide valuable life cover for their employees.
What are other benefits of relevant life cover for my Bath employees?
Relevant life insurance plans offer individual life insurance coverage at competitive prices, often including terminal illness benefits. The policies are flexible and portable, and payouts are typically tax-free and delivered quickly to beneficiaries.
What else should I know about relevant life insurance?
Relevant life plan premiums can be lower due to the group nature of the policy. It can also help employees plan for inheritance tax if needed. Overall, RLI is a win-win, providing financial security for both your business and your Bath-based employees.
Want to discuss a custom relevant life insurance plan for your company in Bath?
Relevant life insurance (RLI) goes beyond just death-in-service cover. It often includes terminal illness benefits, making it a well-rounded option for employees. The policies are flexible, so coverage can potentially continue even if someone leaves your company. This ensures their families receive financial support during a difficult time.
For your Bath business, relevant life cover plans offer several advantages. Setting up the plan as a trust can help with inheritance tax planning for employees. Overall, it’s a tax-efficient way to provide valuable life cover while reducing your company’s tax bill. This can help you compete with larger rivals in Bath when attracting top talent.
By offering RLI, you demonstrate that you care about your employees’ well-being. This can lead to a more positive work environment, increased productivity, and a loyal workforce.
Thinking about relevant life insurance for your Bath business? Contact Wisey today to discuss how it can benefit your company and your employees.