Relevant Life Cover
A relevant life plan is insurance cover protecting yourself, your family and your business partners, covering outstanding debt and can support dependents with a lump sum or a regular income.
How can we help?
At Mortgage Solutions, we can support you and ensure that you are financially protected in all aspects with relevant life cover. A Relevant Life Plan is a policy put in place by an employer that will offer term assurance on the life of an employee. The policy will provide a tax-free lump sum to the employee’s family on their death or diagnosis of a terminal illness, whilst still employed during the policy’s term.
We provide specialist advice on all areas of protection and cover. We’ll explain all your options to you and can help you decide which relevant life cover to consider and other alternatives you might have and explain mortgage protection policies, all depending on your circumstance.
We’ll help you find the right kind of relevant life cover, access to suitable providers, and more tailored insurance and find solutions for any relevant life cover you might have.
What is relevant life cover
A Relevant Life plan pays out a tax-free lump sum when the person who is covered by the plan dies or is diagnosed with a terminal illness. This money can be used by the dependents to pay off any outstanding debts left by the policy holder.
Why choose relevant life cover?
The main purpose of choosing a relevant cover is to provide a financial solution and a safety net for yourself and for those people around you, in the event of something happening. These people could include family members or business partners.