Relevant life insurance is an insurance policy that a business can take out to provide life insurance for an individual employee.
Relevant life is an alternative way for employers to provide death-in-service benefits for their employees outside of a registered group life scheme.
Relevant life insurance is applied for and paid for by the business. It is written into trust so it pays out a lump sum to the employee or their beneficiaries if they die or are diagnosed with a terminal illness while employed during the policy term.
Relevant Life Insurance cannot be purchased direct from AIG. We recommend you speak to a financial adviser to find out how Relevant Life Insurance is suitable for your company.
If you don’t already have an Independent Financial Adviser, you can find one at www.unbiased.co.uk
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