Bright Grey Relevant Life Policy: Why Should You Opt for its Services?

---

---

The relevant life policy is a type of insurance cover that has been introduced in the market recently.  It is mainly secured by employers of small businesses who want to set up a death in service benefitfor their employees in a tax efficient way.  One of the most well known insurance companies in the United Kingdom providing this cover is the Bright Grey Relevant Life Policy.  As you browse through this article you will come to know about its features in detail.  A relevant life insurance is typically suited for companies that do not have the required number of workers eligible for a registered group life scheme.  Let us learn about the specific services rendered by Bright Grey that are mentioned below. 
 

• The employer is entitled to substantial tax benefits as the policy premiums are not taxed as they are not considered to be benefits in kind.
• The policy is particularly effective for employees who earn high salaries and have substantial pension funds as they do not have include the benefits from the relevant life policy in their pension allowances.
• The cover can be counted as an allowable trading expense by the employer when he computes the taxes to be paid by him.
• Employees who are aged 40 or more can expect a cover worth 15 times their yearly salary.
• Employees who are 39 years or less can expect a cover worth 20 times their yearly salary.

 
Relevant Life Calculator
 
As an employer, you should make use of the relevant life calculator to compute the differences in gross costs of a relevant life policy and a conventional life policy.   The calculations can be done very easily by including the following data:
 

• The  corporation tax rates borne by the company
• The employee income tax rate
• The premium
• The employer national insurance rate
• The employee's highest rate of tax
• Whether the premium is paid from dividends or not
•  National insurance rate of employee

 
Reasons for Choosing Bright Grey as Your Insurance Carrier
 
Just a casual Internet search will throw up a host of names of companies that provide relevant insurance services.  However, Bright Grey is particularly recommended owing to the following reasons:
 
·         The company has a well-recognised quote and apply service.  It is particularly user friendly and the team is continuously looking out for ways of improvising on this service.
·         The teams are committed to providing flawless services after identifying client needs thoroughly.
·         The highly efficient phone interviewing facility helps speed up the entire business process.
 
Conclusion
 
It is advisable that you start your research on the various features of relevant life policy, provided you are successful in meeting its legislative requirements.  A traditional life policy will not offer the kind of benefits promised by a relevant life policy.  You can compare the features provided by other companies with those of Bright Grey before settling for a final choice.  You should not shy away from seeking expert advise, if you are unclear about the features of this cover.
 
Alan Starc is a widely acclaimed web content writer who writes primarily on finance and travel. You can find some of his highly informative articles on relevant life policy in some of the famous web portals.The relevant life policy is a type of insurance cover that has been introduced in the market recently.  It is mainly secured by employers of small businesses who want to set up a death in service benefitfor their employees in a tax efficient way.  One of the most well known insurance companies in the United Kingdom providing this cover is the Bright Grey Relevant Life Policy.  As you browse through this article you will come to know about its features in detail.  A relevant life insurance is typically suited for companies that do not have the required number of workers eligible for a registered group life scheme.  Let us learn about the specific services rendered by Bright Grey that are mentioned below. 
 

• The employer is entitled to substantial tax benefits as the policy premiums are not taxed as they are not considered to be benefits in kind.
• The policy is particularly effective for employees who earn high salaries and have substantial pension funds as they do not have include the benefits from the relevant life policy in their pension allowances.
• The cover can be counted as an allowable trading expense by the employer when he computes the taxes to be paid by him.
• Employees who are aged 40 or more can expect a cover worth 15 times their yearly salary.
• Employees who are 39 years or less can expect a cover worth 20 times their yearly salary.

 
Relevant Life Calculator
 
As an employer, you should make use of the relevant life calculator to compute the differences in gross costs of a relevant life policy and a conventional life policy.   The calculations can be done very easily by including the following data:
 

• The  corporation tax rates borne by the company
• The employee income tax rate
• The premium
• The employer national insurance rate
• The employee's highest rate of tax
• Whether the premium is paid from dividends or not
•  National insurance rate of employee

 
Reasons for Choosing Bright Grey as Your Insurance Carrier
 
Just a casual Internet search will throw up a host of names of companies that provide relevant insurance services.  However, Bright Grey is particularly recommended owing to the following reasons:
 
·         The company has a well-recognised quote and apply service.  It is particularly user friendly and the team is continuously looking out for ways of improvising on this service.
·         The teams are committed to providing flawless services after identifying client needs thoroughly.
·         The highly efficient phone interviewing facility helps speed up the entire business process.
 
Conclusion
 
It is advisable that you start your research on the various features of relevant life policy, provided you are successful in meeting its legislative requirements.  A traditional life policy will not offer the kind of benefits promised by a relevant life policy.  You can compare the features provided by other companies with those of Bright Grey before settling for a final choice.  You should not shy away from seeking expert advise, if you are unclear about the features of this cover.
 
Alan Starc is a widely acclaimed web content writer who writes primarily on finance and travel. You can find some of his highly informative articles on relevant life policy in some of the famous web portals.