How we can help you
Many contractors trading via their own limited companies would love to be able to provide themselves with a Death in Service benefit just like they had in permanent roles.
Relevant Life Cover is a form of Death in Service benefit that is set up and paid for by a company but pays out to a staff member or directors’ beneficiaries on death.
When looking at Relevant Life Cover for contractors, as with a traditional life insurance policy, an individual is assessed based on how much cover is required, their health, family history, age and lifestyle. Whilst premiums can be paid by the business, if the insured person dies whilst working for the company during the policy term, a tax-free pay-out will be made to the beneficiaries.
Ensuring your loved ones are protected is vitally important. With Professional Contractor Mortgages, an expert Contractor Protection Consultant will provide you with simple clear advice.