Our Business Protection Services
Here at Executive Life, our business protection services can prevent a loss of profits which may result due to the illness or death of key people within your business. We understand that the importance of business protection services is often overlooked and, when the unimaginable happens, this can leave your business in a vulnerable situation. Our team of independent brokers are on hand to help you find the best business insurance cover with our business protection services.
Our Broker Services
Executive Income Protection
Executive income protection is a tax-efficient policy that pays 80% of your monthly income to the business if you are unable to work due to sickness or ill health, until you return to work.
Key Man Insurance Cover
In every business, there are dedicated and talented people who give their all. Whether they are co-founders or employees with specialist skills, these people are vital to the running and success of your business. But, none of us knows what the future brings.
Relevant Life Insurance Cover
Relevant life insurance is possibly the most tax efficient life insurance policy a company director can have. The policy is paid by the business as an expense and qualifies for corporation tax relief as well as no benefit in kind charge being paid by the director.
Shareholder Protection Insurance
In the event of the death of a shareholder the shares that they previously owned could be inherited by another family member, making this person you may never have met, a key shareholder in the decision making of your business. This is a very common risk that can be eliminated by using a simple shareholder protection policy.
Whole Life Insurance
Whole life insurance essentially is just that - it is a life insurance policy that covers the remainder of your life, as long as you keep paying the premiums. These policies can be very helpful for long-term shareholders who choose to keep their shares past the age of 75, when getting most other insurance cover may be difficult.
Pensions For Business Owners
Setting up a pension as a business owner doesn’t have to be boring. They are an incredibly tax-efficient way to reduce your corporation tax and provide a diversified investment asset that not only looks after you in the future, but is also ring-fenced against any financial risk that you might be exposed to as an entrepreneur.
Private Business Health Insurance
Private business health insurance can be paid for by your company as an expense and can also be extended to include your family. Corporation tax relief is available, however, a benefit in kind tax will be due on the value of the business health insurance premiums. This is usually more tax efficient than paying for the premiums personally.
Ready to start getting cheaper business life insurance premiums? Contact our team of dedicated life insurance advisors and wealth managers today to arrange your free consultation.
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