Stephen Roddy - Insurance Broker Belfast

Are Relevant Life Plans cost-effective?

Relevant Life Plans are uniquely tailored to your specific requirements.

The cost to an employer can work out much less than the cost to an employee arranging an equivalent personal life policy.

This type of plan is usually viewed as an allowable business expense by HMRC, all premiums and paid benefits qualify for full Income Tax relief, National Insurance relief and Corporation Tax relief.

This means premiums could be reduced by up to 49% compared to a typical life policy if the employee is a higher rate taxpayer.

For a basic rate taxpayer this figure could be up to 40%

I have saved clients even more by sourcing providers that are more affordable.

A personal plan could be costing you hundreds more per year, and thousands more over the course of the term.

Get in touch if you'd like some advice.

Are you self employed?

Do you have sick pay?

What financial problems would taking time off work due to illness or injury cause?

How long would your savings last?

Could you afford to pay rent, mortgage, food, fuel, heating, electric, if you were off work for longer than a couple of months?

Would you need to take out a loan to cover the bills?

What would happen to your home or family after a few months if you didn't have any cover in place and were still of work due to a serious illness or injury?

Did you know that there's an insurance that I can advise and arrange called income protection that replaces part of ones salay until they're able to return to work due to illness or injury?

Did you know that there is long term and short term plans available to suit all budgets?

Would you like to learn about the options that are available? Send me a message or call.