COVID-19 Notice: Thomas Carroll remain committed to putting our clients at the forefront of what we do. We are fully operational at home so that we can continue to provide the same quality service that you normally enjoy from our team. Please click here for our COVID-19 risk management updates and advice hub.
If you’re in business, we have produced a number of guides, checklists and templates to help with your return to work preparations and ensuring your workplace is safe for your employees in these challenging times.
A Relevant Life Plan is an individual life insurance policy that can be taken out by a business. It is designed to pay a lump sum if the person covered dies or is diagnosed with a terminal illness whilst employed.
Having a Relevant Life Plan can be particularly beneficial for high earning individuals, such as directors or business owners, where ‘death in service’ cover does not form part of their ‘lifetime allowance’.
Directors wishing to provide their own individual ‘death in service’ benefits without taking out a scheme on all employees also opt for a Relevant Life Plan.
Importantly, the cover provides families with peace of mind and financial reassurance in the event of terminal illness and death.
To discuss Relevant Life Plans in more detail, call Thomas Carroll Wealth Management or fill out the contact form below and speak to one of our consultants. We would welcome the opportunity to meet you and discuss, without obligation, the support you need.