Relevant Life Insurance

Tax-efficient employee cover

Relevant Life Insurance or Relevant Life Insurance with employee significant illness is a potentially tax-efficient way for your business clients to provide life insurance for their employees.

Choice of covers

Life insurance or life insurance with employee significant illness. Clients can select level or increasing cover as well as total permanent disability 

£1 million free cover

Free life cover of up to £1 million during the application process through our Business Protection Promise

Range of trust options

Helping to provide a tax-efficient cover solution

Product details

Why Relevant Life Insurance?

Our Relevant Life Insurance policy offers your business clients a number of benefits:

  • Choice of covers - life cover or life and employee significant illness cover
  • Flexible cover amounts and policy term
  • Cover options - clients can select increasing cover and include total permanent disability with life and employee significant illness cover
  • Specialist team of financial and medical underwriters - plus an online 'virtual underwriter' for immediate decisions
  • Free life cover of up to £1 million during the application process through our Business Protection Promise 
  • Straightforward claims process backed by our dedicated UK-based claims team

Please note that Relevant Life Insurance provides cover only and has no cash-in value at any time.

Cover details

Relevant Life Insurance benefit is paid as a lump sum. The amount of cover stays the same throughout the policy, unless increasing cover is selected.

  • Life cover pays out on death or on diagnosis of a terminal illness that meets our definition
  • Life and employee significant illness cover pays out on death, diagnosis of a terminal illness, or if an employee suffers a covered significant illness which results in their retirement or anticipated retirement.

Life cover premiums are guaranteed for the duration of the policy. Premiums for life and employee significant illness cover can be guaranteed or reviewable.

  Life cover Life and employee significant illness cover

Maximum age

73 at entry (or 69 with the increasing-cover option)

Cover must end before 75th birthday

64 at entry

Cover must end before 75th birthday (or 71st birthday with the total permanent disability option)

Minimum term

1 year (or 5 years with the increasing-cover option)

1 year (or 6 years with the reviewable-premiums option)

Maximum term

50 years

(subject to maximum age 75)

50 years

(subject to maximum age 75)

Minimum premium

£5 a month/£50 a year

£5 a month/£50 a year

Cover limit

Level cover - no maximum

Increasing cover - £5 million

£3 million (or £2 million with the total permanent disability option)

Cover options


There are no additional charges for your client to pay. All charges for our Relevant Life Insurance policy are included in their premiums.

Increasing cover

Your client’s cover will rise each year by 3%, 5% or in line with the Retail Prices Index (RPI) with no need for further underwriting.

Premiums will increase each year by 1 and a half times the cover increase - so, for example, a 3% rise in cover would increase the premium by 4.5%. If RPI increasing cover is selected and RPI is zero or negative, there’ll be no change to cover or premiums that year.

Total permanent disability

This is an optional benefit available with life and employee significant illness cover - the cover amount is paid if the life covered meets our definition of total permanent disability.

Client suitability

Relevant Life Insurance is designed for clients who want:

  • To provide life cover for their employees with the option of protecting against the financial consequences of our specified illnesses
  • Cover for a specified term
  • To anticipate IHT liabilities.

It’s unlikely to be suitable for clients who want:

  • An investment-linked arrangement
  • Whole of life protection
  • Cover with a cash-in value

Things to consider:

  • Level of cover required
  • Existing levels of cover
  • Employees’ health, financial liabilities and for how long they’ll need cover

Possible alternatives

  • Group Life Insurance
  • Self-insurance for the employee
  • Whole of life policy for the employee

Quote, apply and track cases online

Both of our business protection products are available on ALPS, and you can apply for them both at the same time. 

Visit ALPS

Business support

Doing protection business just got easier

We're committed to making it easy to do protection business with us, so we've produced a range of helpful support materials - all designed to save you time.

ALPS tracking guide

Knowing exactly what’s happening with your cases makes life so much easier. Take a look at our e-guide to learn how tracking can help your business.

ALPS in focus guide

Gain knowledge on what ALPS has to offer you, whilst discovering some of the tips and tricks that could save you time. 

Underwriting centre

Our digital hub contains everything you need to know about our underwriting.

Related content

Whole of Life Insurance+

Our Whole of Life Insurance+ is a hassle-free way to provide on-going protection as part of your broader estate planning service.

Critical Illness+

Standalone critical illness cover with a range of benefits and options, making it suitable for a range of clients' budgets

Group Protection

Our award-winning Group Protection products could help to provide financial, practical and emotional support in the event of ill health or death

Haven't found what you're looking for?

See our contact us page for a full directory.