Relevant Life Insurance

Hi everyone, I am back with another focus on a business protection product, rather than the usual underwriting deep dive. This time I am going through the key points of relevant life insurance.

In the podcast I discuss how relevant life insurance is an employer and employee relationship. It’s a thank you for your service to the company. I forgot to mention that one of the key ways to check if someone is eligible for this is if they are on the payroll (taking PAYE). Relevant life insurance is probably the simplest business insurance product that we can arrange for our clients.

The key takeaways:

• If you are planning to do relevant life insurance to specifically cover a mortgage, chat with your compliance people first.
• Make sure you are clear with your clients about the periodic charges that come with relevant life trusts.
• A quick summary of relevant life insurance versus group life insurance.

Next time we will have Matt Rann back and we will be focusing on another underwriting risk and discussing the options you might see for life insurance, critical illness and income protection options. 

Remember, if you are listening to this as part of your work, you can claim a CPD certificate on our website, thanks to our sponsors Octo Members.

If you want to know more about how to arrange protection insurance, take a look at my 13 hour CPD Protection Insurance in Practice course here and 1 hour CPD Protection Competency Exam here.