Relevant Life Plans
Many businesses wish to offer additional benefits to their valued employees as part of a comprehensive scheme, and life insurance often forms the foundation of such a package. A Relevant Life Plan enables your business to provide life insurance cover with an option to also add significant illness cover, for your employees. With a Relevant Life Plan, you will be able to ensure your most valued staff receive the peace of mind of knowing they and their loved ones are protected in the event of their death or significant illness (if selected).
A Relevant Life Plan must be issued under trust, from the start of the plan. We will arrange the trust, free of charge, as part of our service. This stipulates who the employee would like the benefit payable to. This includes the death benefit and also the significant illness benefit if selected. The employee is able to benefit from the significant illness cover, or this can be paid to their chosen beneficiary.
Spectrum FA have advised many businesses on suitable Relevant Life Plans for their employees. Our access to a wide range of policies gives you complete flexibility and allows you to choose the exact level of cover you require. Some policies provide you with an option to add employee significant illness cover.
Spectrum FA takes the time to understand you and your individual needs. We offer you a truly bespoke service and will guide you from start to finish, making the whole process easy. With our tailored approach we will recommend suitable policies to match your requirements. With the help of Spectrum FA, you will be able to offer your employees (including Directors) an advantageous life insurance policy that will demonstrate how much you value them and ensure their family is protected should the worst happen.
To find out more about the benefits of a relevant life plan, arranged by Spectrum FA, please contact us today to arrange a free, no obligation review. You can get in touch with us by emailing email@example.com, by phoning 01279 315 013 or by filling out the contact form on the website.