income protection

Save 62% in tax with executive income protection

If you are a company director of a limited company, then paying for your income protection as a business expense can save you thousands of pounds in tax while securing your personal income at the same time.

We can offer cover of up to 80% of your salary and dividends as well as income that is shared with a spouse or partner, all in one premium.

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What is Executive Income Protection?

Like normal income protection, if you are unable to work due to accident or illness the policy pays a percentage of your income for you to survive financially and recover.

The difference with income protection is the business pays the premiums and can claim corporation tax relief and as you are not paying premiums from net income you save on income tax as well.

Executive income protection also allows cover for 80% of your salary and dividends which is essential for you as a company director as a personal policy usually won’t allow dividends to be included in cover.

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Get a Free Quote in Less Than 60 Seconds Now.

Call us now and we will be able to quote you in just 60 seconds. We know you don’t want the big pitch so if you prefer, we can quote you and be led by the questions you want answered, no hard sell and no sharing of data with numerous other people.

Call 020 4540 6009
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Key Benefits?

  • Tax efficiency: You can save tens of thousands of pounds over the lifetime of the policy by paying for the premiums as a business expense.

  • Increased level of cover: You can cover 80% of salary and dividends, which is unique to executive income protection.

  • Protects your income: Ensures you can continue to pay essential living expenses while you recover.

  • Get a quote from every UK insurer in just 60 seconds. No big pitch, no passing your data to numerous brokers, just a great personal service with no pressure.

    Get your personalised executive income protection quote from every UK insurer now

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    How Executive Income Protection Works

    You take out a policy that covers up to 80% of your income and dividends. The business pays the premiums and claims tax relief, and you have essential cover in place for if you need it.

    In the event that you need to use the policy the income is paid to your business tax-free and then you can decide if you withdraw this or not. (note that withdrawal are treated as income and income tax may be payable)

    Learn How Income Protection Can Help You
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    Who Can Benefit from Executive Income Protection?

    Executive income protection is designed for company directors, business owners, and key executives who are looking to safeguard their income against unforeseen health issues. This is particularly useful for high-earners whose financial commitments require more comprehensive coverage than what typical income protection plans provide. It can be tailored to meet the needs of individuals with specific roles that are critical to the business.

    Can small business owners apply for executive income protection?
    Yes, this type of insurance is ideal for small business owners who are integral to the success and daily operations of the company.
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    Why Choose Executive Life for Income Protection?

    We take a fresh approach to life insurance and are specialists in dealing with business owners like you.

    We know your time is limited and you don’t want the big pitch so we quote you quickly and can guarantee the best value premiums as we obtain quotes from every insurer on your behalf, then the choice is up to you.

    Check Your Eligibility Today

    Client Reviews

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    Smooth process, easy to deal with and most importantly they saved me a lot of tax by switching my policy to one that could be paid for by the business.

    James Tonry
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    Recently used them for relevant life and income protection. Professional and informative.

    Ross Hutchinson
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    I set up shareholder protection policies for me and my business partners through Executive Life. They found us competitive quotes and the process was swift. I would highly recommend to other company directors.

    David J
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    Executive Life helped me find the best deal for my life insurance policy and also my income protection policy. It was very easy and the process took no time at all - I would highly recommend them!

    George Mitchell
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    Very happy with the service and process I went through. They explained how the income protection policy worked and how it would be tax efficient for me through my limited company.

    Jodie Newell
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    Case Study: Company Director

    Mr Johnson saves £18,357.84 in tax

    Mr Johnson is the director of a limited company. He is looking to take out executive income protection to cover his £100,000 annual salary and as such is a higher rate taxpayer. He is age 42 and with no medical challenges.

    The best value premium is £69.36

    If Mr Johnson chooses to pay for the premium personally, he would need to withdraw £137.01 from his business, pay both corporation and dividend tax on this amount to end up with a net £69.36 to pay the premium.

    If, however, he uses executive income protection and pays this as a business expense the business would pay the £69.36 and claim corporation tax relief resulting in a net cost to the business of just £52.02.

    When Mr Johnson measures the savings, this will make over the life of the policy he will save £18,357.84 over the life of the policy.

    Find Out How Much You Could Save

    Executive Income Protection vs. Standard Income Protection

    A side-by-side comparison to help you understand why a relevant life policy might be better for you than other options

    Executive Income Protection

    • Insure up to 80% of salary and dividends
    • Corporation tax relief on premiums
    • No benefit in kind
    • Provides essential income

    Standard Income Protection

    • Insure up to 60% of income only
    • Can’t insure dividends
    • No tax relief
    • Tax-free income

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    Free Quotations

    What are the next steps?

    Simply call or contact us and we can quote you in as little as 60 seconds. All we will need is your date of birth, smoking status and the cover you require. It’s a great place to start so you can find cover that fits your budget.

    We then share a list of quotations for you to choose from and can talk you through any questions you might have.

    Finally, we complete the application with you over the phone and work with the insurer to get your policy live. No paperwork, no forms, we do it all for you.

    Executive Life

    Ready to Secure Your Income?

    Don’t wait until it’s too late—take the step now to protect your financial future.
    Our advisors are here to help you create an executive income protection plan that fits your needs. Secure your peace of mind today.

    Arrange Your Free Consultation

    Fill out the form above to receive a tailored quote for executive income protection, or call us directly to speak with one of our advisors.

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