Wright Mortgage Company Ltd
Registered Address

The Wright Mortgage Company Limited
Newlands House
Station Street
Bingham
Nottingham
NG13 8AQ
Phone Numbers
Telephone: 01949 877676 (9.00 - 5.30 Monday-Friday)  
Fax: 01949 878692
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What is a Relevant Life Plan?

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A Relevant Life Plan is a term assurance plan available for employers to provide a death in service benefit for an employee. It is designed to pay a lump sum if the person covered dies or is diagnosed with a terminal illness, whilst employed during the term. A Relevant Life Plan is paid for by the employer.

Who is it for?

  • Directors wishing to provide their own individual ‘death in service’ benefits without taking out a scheme on all employees.
  • High earning individuals, such as directors, where death in service does not form part of their ‘lifetime allowance’.
  • Employers looking to provide 'death in service' benefits, but with too few employees to set up a group scheme.

Relevant Life Plans are not available where there is no employer/employee relationship. For example, sole traders, equity partners of a partnership or equity members of a Limited Liability Partnership.

What makes it cost effective?

Relevant Life Plans are similar to most other types of life cover except they aim to provide a tax efficient benefit provided by an employer for an employee.

 

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Relevant Life Plan

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The information contained within this website is subject to the UK regulatory
regime and is therefore primarily targeted at consumers based in the UK.
A mortgage is a loan secured against your home. Your home may be repossessed if you do not keep up repayments on your mortgage or any other debt secured on it..
 

© Wright Mortgage is a trading name of The Wright Mortgage Company Limited, which is an appointed representative of TenetLime Limited, which is authorised and regulated by the Financial Conduct Authority. TenetLime Limited is entered on the Financial Services Register (www.fca.org.uk/register) under reference 311266.

The Wright Mortgage Company Limited is registered in England and Wales under reference 3914979. Registered address: Newlands House, Station Street, Bingham, Nottingham, NG13 8RQ